Meiji Yasuda Life Insurance Co lessened its stake in Dominion Energy Inc (NYSE:D) by 21.3% during the 1st quarter, HoldingsChannel reports. The firm owned 8,035 shares of the utilities provider’s stock after selling 2,176 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Dominion Energy were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in D. Comerica Bank lifted its holdings in Dominion Energy by 28.8% during the 1st quarter. Comerica Bank now owns 237,292 shares of the utilities provider’s stock valued at $17,994,000 after buying an additional 53,038 shares in the last quarter. Semmax Financial Advisors Inc. purchased a new stake in Dominion Energy in the 4th quarter worth $1,529,000. Spectrum Management Group Inc. purchased a new stake in Dominion Energy in the 1st quarter worth $40,000. Motco increased its holdings in Dominion Energy by 0.9% in the 4th quarter. Motco now owns 51,862 shares of the utilities provider’s stock worth $3,706,000 after acquiring an additional 476 shares in the last quarter. Finally, Gideon Capital Advisors Inc. increased its holdings in Dominion Energy by 92.3% in the 4th quarter. Gideon Capital Advisors Inc. now owns 17,470 shares of the utilities provider’s stock worth $1,248,000 after acquiring an additional 8,386 shares in the last quarter. Institutional investors and hedge funds own 63.82% of the company’s stock.
Shares of NYSE:D opened at $76.37 on Friday. The company has a market capitalization of $60.24 billion, a P/E ratio of 18.86, a PEG ratio of 3.67 and a beta of 0.26. Dominion Energy Inc has a fifty-two week low of $64.20 and a fifty-two week high of $78.31. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.61.
Dominion Energy (NYSE:D) last issued its earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same period last year, the business earned $1.14 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. As a group, analysts predict that Dominion Energy Inc will post 4.19 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be issued a dividend of $0.9175 per share. This represents a $3.67 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, June 6th. Dominion Energy’s dividend payout ratio is presently 90.62%.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine raised shares of Dominion Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a report on Friday, May 3rd. Credit Suisse Group set a $77.00 target price on shares of Dominion Energy and gave the company a “hold” rating in a report on Monday, April 22nd. Finally, KeyCorp initiated coverage on shares of Dominion Energy in a report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $85.85.
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Dominion Energy Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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