Park National Corp OH Lowers Stake in Dominion Energy, Inc. (NYSE:D)

Park National Corp OH lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 31.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,253 shares of the utilities provider’s stock after selling 1,910 shares during the quarter. Park National Corp OH’s holdings in Dominion Energy were worth $229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in D. Sanctuary Wealth Management L.L.C. purchased a new stake in Dominion Energy during the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy during the third quarter valued at approximately $32,000. Dunhill Financial LLC increased its position in shares of Dominion Energy by 601.2% during 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 in the last quarter. Larson Financial Group LLC raised its holdings in Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new position in Dominion Energy in the 3rd quarter valued at approximately $36,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.1 %

NYSE:D opened at $54.62 on Thursday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The business has a fifty day moving average price of $56.03 and a 200-day moving average price of $55.51. The firm has a market capitalization of $45.88 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.44 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.89%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analysts Forecast Growth

D has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank increased 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. Finally, Barclays lifted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.58.

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.