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

APG Asset Management N.V. increased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 16.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,095,338 shares of the utilities provider's stock after buying an additional 155,285 shares during the period. APG Asset Management N.V. owned 0.13% of Dominion Energy worth $50,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. AQR Capital Management LLC raised its position in Dominion Energy by 201.9% in the 2nd quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider's stock worth $1,654,000 after purchasing an additional 22,567 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Dominion Energy in the second quarter worth about $946,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Dominion Energy by 60.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 160,385 shares of the utilities provider's stock valued at $7,859,000 after acquiring an additional 60,477 shares during the last quarter. Marshall Wace LLP purchased a new stake in Dominion Energy during the 2nd quarter valued at about $1,651,000. Finally, Sagefield Capital LP grew its position in Dominion Energy by 26.5% during the 2nd quarter. Sagefield Capital LP now owns 78,324 shares of the utilities provider's stock worth $3,838,000 after acquiring an additional 16,392 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a report on Monday, August 5th. Jefferies Financial Group assumed coverage on Dominion Energy in a report on Friday, September 20th. They issued a "hold" rating and a $58.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Finally, Scotiabank upped their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Nine equities 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 has a consensus rating of "Hold" and an average target price of $54.50.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded up $0.13 during trading hours on Friday, reaching $57.26. 432,471 shares of the company's stock were exchanged, compared to its average volume of 4,444,965. The business has a fifty day moving average of $55.69 and a two-hundred day moving average of $52.23. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $47.96 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $58.94.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. Dominion Energy's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. As a group, research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy's dividend payout ratio is presently 137.63%.

Dominion Energy 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.