Passumpsic Savings Bank Acquires 199 Shares of Dominion Energy, Inc. (NYSE:D)

Passumpsic Savings Bank lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,639 shares of the utilities provider’s stock after acquiring an additional 199 shares during the period. Passumpsic Savings Bank’s holdings in Dominion Energy were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Family Firm Inc. acquired a new position in Dominion Energy during the 2nd quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy during the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the 3rd quarter valued at about $32,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy in the 2nd quarter worth approximately $33,000. Finally, Dunhill Financial LLC raised its holdings in shares of Dominion Energy by 601.2% in the 3rd 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 period. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Scotiabank raised their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Finally, Barclays lifted 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. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $56.33.

Dominion Energy Price Performance

Dominion Energy stock opened at $55.54 on Wednesday. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company’s 50 day simple moving average is $58.09 and its 200-day simple moving average is $55.19. The company has a market capitalization of $46.65 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.49 and a beta of 0.59. 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 (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm posted $0.77 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Friday, November 29th. 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.