Central Pacific Bank Trust Division Lowers Stake in Dominion Energy, Inc. (NYSE:D)

Central Pacific Bank Trust Division trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 41.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,245 shares of the utilities provider's stock after selling 15,801 shares during the period. Central Pacific Bank Trust Division's holdings in Dominion Energy were worth $1,198,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BLB&B Advisors LLC boosted 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 worth $417,000 after buying an additional 173 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in Dominion Energy by 2.6% in the third 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 during the last quarter. Altman Advisors Inc. grew its stake in shares of Dominion Energy by 0.7% during the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider's stock valued at $1,423,000 after purchasing an additional 198 shares during the period. Passumpsic Savings Bank increased 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 valued at $441,000 after purchasing an additional 199 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Dominion Energy by 3.5% in the third 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 buying an additional 200 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Shares of NYSE D traded up $0.33 during midday trading on Friday, reaching $54.73. 3,366,292 shares of the stock traded hands, compared to its average volume of 3,524,846. The company's 50 day moving average is $56.43 and its 200 day moving average is $55.34. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The stock has a market capitalization of $45.97 billion, a PE ratio of 19.20, a P/E/G ratio of 1.44 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping 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 firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the firm posted $0.77 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 4.88%. Dominion Energy's payout ratio is presently 93.68%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price objective for the company. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a "hold" rating and a $58.00 target price on the stock. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Finally, Scotiabank raised 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. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $56.58.

Dominion Energy 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.