Sageworth Trust Co Makes New Investment in Dominion Energy, Inc. (NYSE:D)

Sageworth Trust Co acquired a new stake in Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,500 shares of the utilities provider’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of D. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Dominion Energy by 7.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 109,649 shares of the utilities provider’s stock worth $5,394,000 after acquiring an additional 7,670 shares during the period. Independence Bank of Kentucky boosted its stake in Dominion Energy by 35.2% during the first quarter. Independence Bank of Kentucky now owns 3,940 shares of the utilities provider’s stock valued at $194,000 after buying an additional 1,025 shares in the last quarter. Grimes & Company Inc. raised its position in Dominion Energy by 15.9% in the first quarter. Grimes & Company Inc. now owns 10,864 shares of the utilities provider’s stock worth $534,000 after acquiring an additional 1,488 shares in the last quarter. Romano Brothers AND Company lifted its stake in Dominion Energy by 19.9% during the first quarter. Romano Brothers AND Company now owns 7,232 shares of the utilities provider’s stock valued at $356,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC raised its position in shares of Dominion Energy by 4.4% during the first quarter. Alpha Omega Wealth Management LLC now owns 43,923 shares of the utilities provider’s stock worth $2,161,000 after purchasing an additional 1,865 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Down 2.0 %

Dominion Energy stock traded down $1.19 during mid-day trading on Friday, hitting $59.58. 3,200,543 shares of the company’s stock were exchanged, compared to its average volume of 4,378,637. Dominion Energy, Inc. has a 1-year low of $39.44 and a 1-year high of $61.26. The stock has a 50 day moving average of $57.52 and a two-hundred day moving average of $53.62. The stock has a market cap of $49.90 billion, a P/E ratio of 30.71, a P/E/G ratio of 1.60 and a beta of 0.60. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42.

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. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the firm posted $0.53 EPS. The company’s revenue was up 10.1% on a year-over-year basis. As a group, analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

Analysts Set New Price Targets

Several brokerages have issued reports on D. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. Barclays increased their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Scotiabank increased their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $55.40.

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.