WASHINGTON TRUST Co Increases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

WASHINGTON TRUST Co lifted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 11.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,861 shares of the utilities provider’s stock after buying an additional 299 shares during the period. WASHINGTON TRUST Co’s holdings in Dominion Energy were worth $154,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy in the third quarter worth $28,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy in the third quarter worth $32,000. Dunhill Financial LLC boosted its position in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on D shares. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank boosted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Performance

NYSE:D opened at $55.58 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 52-week low of $44.17 and a 52-week high of $61.97. The firm has a market cap of $46.68 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.18 and a beta of 0.61. The business’s fifty day moving average is $54.42 and its 200 day moving average is $56.29.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.80%. Dominion Energy’s payout ratio is currently 93.68%.

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.