Rockland Trust Co. Takes Position in Dominion Energy Inc. $D

Rockland Trust Co. bought a new stake in shares of Dominion Energy Inc. (NYSE:D) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,633 shares of the utilities provider’s stock, valued at approximately $528,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after purchasing an additional 3,553 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Dominion Energy by 8.3% during the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after buying an additional 1,344 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Dominion Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock worth $3,979,000 after buying an additional 20,522 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Dominion Energy by 71.2% in the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock valued at $1,708,000 after acquiring an additional 12,663 shares in the last quarter. Finally, Blair William & Co. IL increased its position in shares of Dominion Energy by 5.7% during the second quarter. Blair William & Co. IL now owns 34,813 shares of the utilities provider’s stock valued at $1,968,000 after acquiring an additional 1,888 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company reduced their price objective on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. BMO Capital Markets cut their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a report on Thursday, December 11th. BTIG Research started coverage on shares of Dominion Energy in a research report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Finally, TD Cowen started coverage on shares of Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $64.33.

Dominion Energy Price Performance

Dominion Energy stock opened at $63.82 on Wednesday. The stock has a market cap of $54.50 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.69 and a beta of 0.71. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. The business has a 50-day simple moving average of $59.71 and a 200 day simple moving average of $60.23. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $64.43.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, February 27th. Dominion Energy’s dividend payout ratio is 90.82%.

Dominion Energy Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.