Ilmarinen Mutual Pension Insurance Co boosted its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 36.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 116,000 shares of the utilities provider's stock after purchasing an additional 31,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Dominion Energy were worth $6,248,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC acquired a new stake in shares of Dominion Energy in the third quarter worth approximately $210,000. Benjamin Edwards Inc. boosted its holdings in shares of Dominion Energy by 4,587.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 15,468 shares of the utilities provider's stock valued at $894,000 after purchasing an additional 15,138 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Dominion Energy by 34.7% during the 3rd quarter. Royal London Asset Management Ltd. now owns 208,063 shares of the utilities provider's stock valued at $12,024,000 after buying an additional 53,570 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Dominion Energy by 18.8% during the 3rd quarter. Quantinno Capital Management LP now owns 118,026 shares of the utilities provider's stock worth $6,821,000 after buying an additional 18,636 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Dominion Energy in the 3rd quarter worth $980,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have commented on the company. UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday. Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Finally, Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $57.00.
Check Out Our Latest Analysis on Dominion Energy
Dominion Energy Stock Performance
D traded up $0.49 during trading hours on Friday, hitting $52.42. 1,463,966 shares of the stock were exchanged, compared to its average volume of 4,301,887. The stock has a market cap of $44.67 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The stock has a 50-day simple moving average of $54.77 and a 200-day simple moving average of $55.84. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 12 month low of $46.62 and a 12 month high of $61.97.
Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.
Dominion Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 5.09%. Dominion Energy's payout ratio is currently 98.89%.
Dominion Energy Profile
(
Free Report)
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.
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