E. Ohman J or Asset Management AB Increases Stock Position in Dominion Energy, Inc. (NYSE:D)

E. Ohman J or Asset Management AB grew its stake in Dominion Energy, Inc. (NYSE:D) by 7.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 36,800 shares of the utilities provider’s stock after acquiring an additional 2,700 shares during the period. E. Ohman J or Asset Management AB’s holdings in Dominion Energy were worth $1,982,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in D. Oppenheimer & Co. Inc. increased its stake in Dominion Energy by 22.8% during the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after purchasing an additional 12,890 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after buying an additional 43,055 shares during the period. Ascent Wealth Partners LLC purchased a new stake in Dominion Energy during the 3rd quarter worth approximately $1,223,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after buying an additional 3,278,175 shares in the last quarter. Finally, Barclays PLC boosted its position in Dominion Energy by 19.8% in the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after buying an additional 404,868 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 4.1 %

Shares of Dominion Energy stock opened at $54.00 on Wednesday. The company has a fifty day simple moving average of $54.91 and a 200-day simple moving average of $56.15. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market cap of $45.36 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.21 and a beta of 0.61.

Dominion Energy Dividend Announcement

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 issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.94%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is 93.68%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. 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 note on Thursday, December 12th. Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $56.58.

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.