Dominion Energy, Inc. (NYSE:D) Holdings Cut by Camden National Bank

Camden National Bank reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,388 shares of the utilities provider’s stock after selling 443 shares during the period. Camden National Bank’s holdings in Dominion Energy were worth $311,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Family Firm Inc. acquired a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy in the third quarter worth $28,000. LRI Investments LLC acquired a new stake in Dominion Energy during the first quarter worth $30,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the 3rd quarter valued at $32,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $33,000. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Dominion Energy stock opened at $58.14 on Friday. The stock has a 50-day simple moving average of $58.07 and a 200 day simple moving average of $54.80. The stock has a market capitalization of $48.84 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.55 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. On average, research analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.59%. Dominion Energy’s payout ratio is 93.68%.

Analysts Set New Price Targets

D has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank boosted their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $55.91.

Dominion Energy Company Profile

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.