Tompkins Financial Corp Raises Stock Position in Dominion Energy, Inc. (NYSE:D)

Tompkins Financial Corp raised its holdings in Dominion Energy, Inc. (NYSE:D) by 14.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,370 shares of the utilities provider’s stock after buying an additional 560 shares during the period. Tompkins Financial Corp’s holdings in Dominion Energy were worth $235,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in Dominion Energy by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider’s stock valued at $104,253,000 after purchasing an additional 89,379 shares during the period. Citizens Financial Group Inc. RI raised its position in Dominion Energy by 28.5% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 5,684 shares of the utilities provider’s stock valued at $279,000 after purchasing an additional 1,259 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Dominion Energy in the 2nd quarter valued at about $214,000. Mercer Global Advisors Inc. ADV boosted its stake in shares of Dominion Energy by 0.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 59,153 shares of the utilities provider’s stock valued at $2,898,000 after buying an additional 500 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Dominion Energy by 16.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 92,473 shares of the utilities provider’s stock worth $4,531,000 after buying an additional 13,357 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 2.7 %

Dominion Energy stock opened at $55.10 on Friday. The company has a market capitalization of $46.28 billion, a P/E ratio of 19.33, a PEG ratio of 1.16 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The stock has a 50-day simple moving average of $55.57 and a 200-day simple moving average of $55.67.

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

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on D shares. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Barclays lifted their price objective 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley began coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.58.

About Dominion Energy

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.