Whittier Trust Co. Has $272,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Whittier Trust Co. cut its stake in shares of Dominion Energy, Inc. (NYSE:D) by 35.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,047 shares of the utilities provider’s stock after selling 2,804 shares during the period. Whittier Trust Co.’s holdings in Dominion Energy were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in D. Howard Capital Management Group LLC bought a new position in Dominion Energy during the third quarter worth about $210,000. Empowered Funds LLC lifted its holdings in Dominion Energy by 10.1% during the third quarter. Empowered Funds LLC now owns 14,460 shares of the utilities provider’s stock worth $836,000 after acquiring an additional 1,323 shares in the last quarter. Quest Partners LLC lifted its holdings in Dominion Energy by 771,000.0% during the third quarter. Quest Partners LLC now owns 7,711 shares of the utilities provider’s stock worth $446,000 after acquiring an additional 7,710 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Dominion Energy during the third quarter worth about $980,000. Finally, Banco Santander S.A. bought a new position in Dominion Energy during the third quarter worth about $287,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on D. Scotiabank boosted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. UBS Group boosted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday. Finally, Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday. Twelve analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $57.58.

Dominion Energy Stock Performance

D opened at $54.51 on Monday. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97. The firm has a market capitalization of $46.44 billion, a PE ratio of 20.19, a PEG ratio of 1.22 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. The business’s 50-day simple moving average is $55.19 and its 200 day simple moving average is $56.29.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.