Trust Point Inc. Sells 565 Shares of Dominion Energy, Inc. (NYSE:D)

Trust Point Inc. lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,973 shares of the utilities provider’s stock after selling 565 shares during the quarter. Trust Point Inc.’s holdings in Dominion Energy were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Roble Belko & Company Inc purchased a new position in Dominion Energy in the 4th quarter worth $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy in the 3rd quarter worth $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the third quarter valued at about $32,000. Dunhill Financial LLC increased its position in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.2 %

NYSE:D opened at $54.08 on Thursday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company’s 50-day simple moving average is $54.81 and its 200 day simple moving average is $56.17. The firm has a market capitalization of $45.43 billion, a P/E ratio of 18.97, a PEG ratio of 1.21 and a beta of 0.61.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.94%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is currently 93.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley assumed coverage on shares of 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. Finally, Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $56.58.

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.