272,479 Shares in Dominion Energy, Inc. (NYSE:D) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 272,479 shares of the utilities provider's stock, valued at approximately $14,678,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in D. Cape Investment Advisory Inc. boosted 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 purchasing an additional 300 shares during the period. BankPlus Trust Department purchased a new stake in shares of Dominion Energy during the 4th quarter valued at approximately $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy in the fourth quarter worth $27,000. Fairway Wealth LLC purchased a new position in Dominion Energy during the 4th quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC increased 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 worth $28,000 after acquiring an additional 260 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

D has been the topic of several research reports. UBS Group raised 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 lifted their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Scotiabank increased their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $57.00.

Remove Ads

Dominion Energy Stock Up 0.3 %

Shares of NYSE D traded up $0.13 during mid-day trading on Friday, hitting $52.06. 1,267,859 shares of the stock traded hands, compared to its average volume of 4,301,145. The company has a market cap of $44.37 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.22 and a beta of 0.57. The stock has a fifty day moving average price of $54.77 and a 200-day moving average price of $55.84. Dominion Energy, Inc. has a 52 week low of $46.62 and a 52 week high of $61.97. 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 (NYSE:D - Get Free Report) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share 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%. Research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy's payout ratio is 98.89%.

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.