First Hawaiian Bank Trims Stake in Dominion Energy, Inc. (NYSE:D)

First Hawaiian Bank reduced its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 25.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,598 shares of the utilities provider's stock after selling 9,621 shares during the quarter. First Hawaiian Bank's holdings in Dominion Energy were worth $1,486,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Savant Capital LLC raised its holdings in shares of Dominion Energy by 23.0% in the 2nd quarter. Savant Capital LLC now owns 11,803 shares of the utilities provider's stock valued at $578,000 after purchasing an additional 2,207 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at $1,329,000. Caprock Group LLC raised its position in shares of Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider's stock worth $474,000 after acquiring an additional 5,525 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Dominion Energy in the 2nd quarter worth $119,000. Finally, Wedbush Securities Inc. lifted its stake in shares of Dominion Energy by 44.1% during the 2nd quarter. Wedbush Securities Inc. now owns 12,541 shares of the utilities provider's stock worth $615,000 after purchasing an additional 3,837 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. 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. Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Morgan Stanley initiated coverage on shares of 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. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They set a "hold" rating and a $58.00 price target for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $56.58.

Dominion Energy Stock Performance

Shares of NYSE D traded down $1.31 during trading hours on Friday, reaching $53.29. The stock had a trading volume of 4,196,328 shares, compared to its average volume of 3,881,804. The firm has a 50-day moving average of $55.82 and a 200-day moving average of $55.53. The firm has a market cap of $44.76 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.44 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm 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%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. Equities research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm 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. This represents a $2.67 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Friday, November 29th. Dominion Energy's dividend payout ratio is presently 93.68%.

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.