Asset Management One Co. Ltd. Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

Asset Management One Co. Ltd. lifted its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 326,878 shares of the utilities provider's stock after purchasing an additional 11,233 shares during the period. Asset Management One Co. Ltd.'s holdings in Dominion Energy were worth $17,629,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BLB&B Advisors LLC increased its stake in shares of Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider's stock worth $417,000 after acquiring an additional 173 shares in the last quarter. Simon Quick Advisors LLC increased its stake in shares of Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock worth $229,000 after acquiring an additional 184 shares in the last quarter. Cobblestone Capital Advisors LLC NY increased its stake in shares of Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider's stock worth $450,000 after acquiring an additional 195 shares in the last quarter. Passumpsic Savings Bank increased its stake in shares of Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock worth $441,000 after acquiring an additional 199 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Dominion Energy by 3.5% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider's stock worth $342,000 after acquiring an additional 200 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on D. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target for the company. 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 research note on Thursday, December 12th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $56.58.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded up $0.08 on Wednesday, hitting $55.69. 4,733,653 shares of the company traded hands, compared to its average volume of 4,601,354. The stock has a market capitalization of $46.78 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61. 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 52 week low of $44.17 and a 52 week high of $61.97. The business has a 50-day simple moving average of $54.43 and a 200 day simple moving average of $56.33.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.79%. The ex-dividend date is Friday, February 28th. Dominion Energy's dividend payout ratio is presently 98.89%.

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.