Haverford Trust Co Grows Stake in Dominion Energy, Inc. (NYSE:D)

Haverford Trust Co boosted its position in shares of Dominion Energy, Inc. (NYSE:D) by 21.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 22,783 shares of the utilities provider’s stock after buying an additional 4,098 shares during the period. Haverford Trust Co’s holdings in Dominion Energy were worth $1,317,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of D. Family Firm Inc. purchased a new position in shares of Dominion Energy in the 2nd quarter valued at $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy in the 3rd quarter valued at $28,000. LRI Investments LLC purchased a new position in shares of Dominion Energy in the 1st quarter valued at $30,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at $33,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Dominion Energy in the 2nd quarter valued at $35,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $56.58 on Thursday. The stock has a market cap of $47.53 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.52 and a beta of 0.59. The business has a 50-day simple moving average of $58.06 and a 200-day simple moving average of $54.50. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the business earned $0.77 EPS. Dominion Energy’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.72%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. 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. Jefferies Financial Group assumed coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, BMO Capital Markets raised their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.91.

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.