Adirondack Trust Co. Has $400,000 Position in Dominion Energy, Inc. (NYSE:D)

Adirondack Trust Co. lifted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 31.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,917 shares of the utilities provider’s stock after purchasing an additional 1,669 shares during the quarter. Adirondack Trust Co.’s holdings in Dominion Energy were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in D. Family Firm Inc. bought a new position in Dominion Energy in the second quarter valued at about $27,000. Rise Advisors LLC acquired a new stake in Dominion Energy during the 1st quarter worth approximately $30,000. LRI Investments LLC bought a new stake in Dominion Energy during the 1st quarter worth approximately $32,000. Triad Wealth Partners LLC acquired a new position in Dominion Energy in the 2nd quarter valued at approximately $33,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Dominion Energy during the second quarter valued at $35,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Scotiabank raised their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Price Performance

Shares of D opened at $56.38 on Thursday. The firm has a market cap of $47.22 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.55 and a beta of 0.60. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.94. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The business’s 50 day moving average price is $56.58 and its two-hundred day moving average price is $52.83.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. On average, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.74%. Dominion Energy’s dividend payout ratio is presently 137.63%.

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.