Pennsylvania Trust Co Reduces Stock Position in Dominion Energy Inc (NYSE:D)

Pennsylvania Trust Co reduced its holdings in Dominion Energy Inc (NYSE:D) by 0.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,365 shares of the utilities provider’s stock after selling 607 shares during the period. Pennsylvania Trust Co’s holdings in Dominion Energy were worth $10,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Cambridge Trust Co. lifted its holdings in shares of Dominion Energy by 2.1% in the 2nd quarter. Cambridge Trust Co. now owns 10,642 shares of the utilities provider’s stock worth $822,000 after acquiring an additional 215 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of Dominion Energy by 1.7% in the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 53,841 shares of the utilities provider’s stock worth $4,163,000 after acquiring an additional 915 shares during the last quarter. Capital Advisors Inc. OK lifted its holdings in shares of Dominion Energy by 310.6% in the 2nd quarter. Capital Advisors Inc. OK now owns 132,633 shares of the utilities provider’s stock worth $10,255,000 after acquiring an additional 100,333 shares during the last quarter. Cypress Wealth Services LLC lifted its holdings in shares of Dominion Energy by 17.3% in the 2nd quarter. Cypress Wealth Services LLC now owns 6,062 shares of the utilities provider’s stock worth $469,000 after acquiring an additional 896 shares during the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of Dominion Energy by 8.3% in the 2nd quarter. Cetera Advisors LLC now owns 38,301 shares of the utilities provider’s stock worth $2,965,000 after acquiring an additional 2,946 shares during the last quarter. 65.11% of the stock is owned by institutional investors and hedge funds.

D traded up $0.62 on Wednesday, reaching $81.34. 2,763,989 shares of the company traded hands, compared to its average volume of 4,121,583. Dominion Energy Inc has a one year low of $67.41 and a one year high of $81.76. The firm has a fifty day simple moving average of $78.84 and a two-hundred day simple moving average of $76.92. The company has a market cap of $65.64 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 4.08 and a beta of 0.22. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business posted $0.86 EPS. The firm’s revenue for the quarter was up 28.6% on a year-over-year basis. On average, equities analysts forecast that Dominion Energy Inc will post 4.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Thursday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is 90.62%.

Several research firms have recently issued reports on D. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $79.00 to $80.00 in a report on Thursday, June 13th. They noted that the move was a valuation call. ValuEngine lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Wells Fargo & Co set a $83.00 price objective on shares of Dominion Energy and gave the company a “hold” rating in a report on Friday, August 30th. Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating in a report on Thursday, August 1st. Finally, Morgan Stanley set a $84.00 price objective on shares of Dominion Energy and gave the company a “hold” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $79.64.

In other Dominion Energy news, VP Jeffrey Michael Zeiler bought 15,112 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of $6.31 per share, with a total value of $95,356.72. Also, Director Michael E. Szymanczyk bought 21,400 shares of the business’s stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $78.85 per share, for a total transaction of $1,687,390.00. Following the transaction, the director now directly owns 19,541 shares in the company, valued at approximately $1,540,807.85. The disclosure for this purchase can be found here. Company insiders own 0.26% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

See Also: P/E Growth (PEG)

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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