APG Asset Management N.V. Grows Position in Dominion Energy, Inc. (NYSE:D)

APG Asset Management N.V. increased its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 124.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 783,828 shares of the utilities provider's stock after buying an additional 434,008 shares during the quarter. APG Asset Management N.V. owned approximately 0.09% of Dominion Energy worth $40,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cape Investment Advisory Inc. increased its position in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after buying an additional 300 shares during the last quarter. BankPlus Trust Department bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Fairway Wealth LLC bought a new stake in Dominion Energy in the 4th quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 260 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Price Performance

Shares of NYSE:D traded up $0.83 during midday trading on Monday, hitting $53.57. The stock had a trading volume of 819,456 shares, compared to its average volume of 5,059,091. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The company has a market capitalization of $45.65 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company's 50-day moving average price is $54.74 and its 200-day moving average price is $55.80.

Remove Ads

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.98%. Dominion Energy's payout ratio is 98.89%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $57.00.

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.