Trust Point Inc. Has $378,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Trust Point Inc. cut its stake in Dominion Energy, Inc. (NYSE:D) by 3.4% in the third quarter, Holdings Channel.com reports. The firm owned 6,538 shares of the utilities provider’s stock after selling 231 shares during the period. Trust Point Inc.’s holdings in Dominion Energy were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Family Firm Inc. bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $27,000. LRI Investments LLC acquired a new stake in Dominion Energy during the first quarter worth $32,000. Triad Wealth Partners LLC bought a new stake in Dominion Energy in the 2nd quarter valued at $33,000. Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $35,000. Finally, Kimelman & Baird LLC bought a new position in shares of Dominion Energy during the 2nd quarter worth about $36,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

D has been the topic of a number of analyst reports. Scotiabank upped their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets raised their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.40.

Dominion Energy Price Performance

Shares of D stock opened at $59.92 on Friday. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $60.73. The stock has a market capitalization of $50.19 billion, a PE ratio of 30.89, a PEG ratio of 1.52 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The stock’s fifty day moving average is $57.10 and its 200-day moving average is $53.33.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. Equities research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.