ST Germain D J Co. Inc. Sells 305 Shares of Dominion Energy, Inc. (NYSE:D)

ST Germain D J Co. Inc. trimmed its stake in Dominion Energy, Inc. (NYSE:D) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,622 shares of the utilities provider’s stock after selling 305 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Dominion Energy were worth $357,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in D. BLB&B Advisors LLC boosted its position in shares of Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after purchasing an additional 173 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in shares of Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after purchasing an additional 195 shares in the last quarter. Passumpsic Savings Bank boosted its position in shares of Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 199 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Dominion Energy by 3.5% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 200 shares in the last quarter. Finally, Busey Bank boosted its position in shares of Dominion Energy by 3.4% in the 3rd quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock worth $354,000 after purchasing an additional 203 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $53.29 on Friday. 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 twelve month low of $43.53 and a twelve month high of $61.97. The business has a 50-day moving average price of $55.82 and a 200 day moving average price of $55.53. The firm has a market cap of $44.76 billion, a PE ratio of 18.70, a P/E/G ratio of 1.44 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the business earned $0.77 EPS. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. Sell-side analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 5.01%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analyst Ratings Changes

A number of analysts have commented on D shares. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Barclays lifted 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. Finally, Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.58.

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.