Washington Trust Bank Holds Position in Dominion Energy Inc. (NYSE:D)

Washington Trust Bank continued to hold its position in shares of Dominion Energy Inc. (NYSE:D) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,099 shares of the utilities provider’s stock at the end of the second quarter. Washington Trust Bank’s holdings in Dominion Energy were worth $161,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Hudock Capital Group LLC increased its position in Dominion Energy by 0.3% in the first quarter. Hudock Capital Group LLC now owns 2,146 shares of the utilities provider’s stock valued at $166,000 after buying an additional 6 shares during the last quarter. Bollard Group LLC increased its position in Dominion Energy by 0.8% in the second quarter. Bollard Group LLC now owns 1,528 shares of the utilities provider’s stock valued at $117,000 after buying an additional 12 shares during the last quarter. Tradewinds Capital Management LLC increased its position in Dominion Energy by 1.0% in the first quarter. Tradewinds Capital Management LLC now owns 1,306 shares of the utilities provider’s stock valued at $101,000 after buying an additional 13 shares during the last quarter. Farmers National Bank increased its position in Dominion Energy by 0.3% in the first quarter. Farmers National Bank now owns 4,673 shares of the utilities provider’s stock valued at $347,000 after buying an additional 16 shares during the last quarter. Finally, Adirondack Trust Co. increased its position in Dominion Energy by 0.6% in the first quarter. Adirondack Trust Co. now owns 3,473 shares of the utilities provider’s stock valued at $269,000 after buying an additional 20 shares during the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.

Shares of Dominion Energy Inc. (D) traded up 0.73% during mid-day trading on Friday, hitting $78.69. The stock had a trading volume of 2,303,023 shares. The firm’s 50 day moving average price is $77.11 and its 200-day moving average price is $77.32. The company has a market cap of $50.57 billion, a PE ratio of 22.78 and a beta of 0.28. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Dominion Energy Inc. will post $3.63 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be paid a $0.755 dividend. This represents a $3.02 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s payout ratio is presently 87.28%.

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Several research firms have recently issued reports on D. Royal Bank Of Canada set a $77.00 price objective on Dominion Energy and gave the stock a “hold” rating in a report on Saturday, June 3rd. Deutsche Bank AG boosted their price objective on Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Morgan Stanley reduced their price objective on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Finally, Citigroup Inc. reduced their price objective on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $80.57.

Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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