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

Asset Management One Co. Ltd. raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.6% during the 4th 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 quarter. Asset Management One Co. Ltd.’s holdings in Dominion Energy were worth $17,629,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the 4th quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the third quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the third quarter valued at about $32,000. Dunhill Financial LLC grew its position in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 449 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Scotiabank upped their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Performance

Dominion Energy stock opened at $55.58 on Friday. The company’s 50-day moving average price is $54.42 and its 200-day moving average price is $56.29. 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 has a market cap of $46.68 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. On average, equities research analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is 93.68%.

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.