Huntington National Bank Has $5.46 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Huntington National Bank grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 2.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 94,395 shares of the utilities provider’s stock after acquiring an additional 2,150 shares during the period. Huntington National Bank’s holdings in Dominion Energy were worth $5,455,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Empowered Funds LLC raised its holdings in Dominion Energy by 27.0% during the first quarter. Empowered Funds LLC now owns 11,313 shares of the utilities provider’s stock valued at $556,000 after buying an additional 2,406 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in Dominion Energy in the 1st quarter worth approximately $272,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Dominion Energy by 15.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 101,086 shares of the utilities provider’s stock worth $4,972,000 after purchasing an additional 13,336 shares during the period. Koshinski Asset Management Inc. acquired a new position in Dominion Energy during the first quarter valued at approximately $303,000. Finally, Kingsview Wealth Management LLC raised its position in shares of Dominion Energy by 8.2% in the first quarter. Kingsview Wealth Management LLC now owns 27,023 shares of the utilities provider’s stock valued at $1,329,000 after purchasing an additional 2,058 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on D shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Barclays boosted 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 increased their target price on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, BMO Capital Markets lifted their price target 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 given a buy rating to the company. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $55.91.

Dominion Energy Stock Performance

D opened at $56.18 on Friday. The stock has a market cap of $47.19 billion, a PE ratio of 19.71, a P/E/G ratio of 1.51 and a beta of 0.59. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The stock’s 50 day simple moving average is $58.05 and its 200-day simple moving average is $54.52. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.75%. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.