Bar Harbor Wealth Management Has $692,000 Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Bar Harbor Wealth Management trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,855 shares of the utilities provider’s stock after selling 403 shares during the quarter. Bar Harbor Wealth Management’s holdings in Dominion Energy were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. BLB&B Advisors LLC lifted its stake 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 valued at $417,000 after purchasing an additional 173 shares during the period. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after buying an additional 195 shares in the last quarter. Passumpsic Savings Bank grew its position in shares of Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after buying an additional 199 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake 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 valued at $342,000 after acquiring an additional 200 shares in the last quarter. Finally, Busey Bank lifted its position in shares of Dominion Energy by 3.4% during the 3rd quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock valued at $354,000 after acquiring an additional 203 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.0 %

Shares of D stock opened at $53.41 on Tuesday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a 50-day simple moving average of $55.74 and a two-hundred day simple moving average of $55.65. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market capitalization of $44.86 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.44 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. Research analysts anticipate 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, December 20th. Investors of record on Friday, November 29th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.00%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Jefferies Financial Group started coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $56.58.

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.