Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its holdings in shares of Dominion Energy Inc (NYSE:D) by 0.2% in the 1st quarter, HoldingsChannel reports. The firm owned 171,086 shares of the utilities provider’s stock after selling 351 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $12,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Peddock Capital Advisors LLC acquired a new stake in Dominion Energy during the fourth quarter worth approximately $25,000. Braun Bostich & Associates Inc. bought a new position in shares of Dominion Energy during the fourth quarter worth approximately $25,000. Brooktree Capital Management acquired a new stake in Dominion Energy during the 1st quarter worth approximately $29,000. HBC Financial Services PLLC acquired a new stake in Dominion Energy during the 4th quarter worth approximately $33,000. Finally, Princeton Global Asset Management LLC bought a new stake in Dominion Energy in the 4th quarter valued at $34,000. 66.77% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on D. Evercore ISI started coverage on shares of Dominion Energy in a research report on Friday, February 14th. They issued a “hold” rating and a $88.00 target price for the company. BMO Capital Markets began coverage on shares of Dominion Energy in a report on Wednesday, February 19th. They issued a “market perform” rating and a $91.00 price objective for the company. Credit Suisse Group increased their target price on shares of Dominion Energy from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Cfra boosted their price target on Dominion Energy from $88.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Barclays reduced their price target on Dominion Energy from $93.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.33.
Shares of Dominion Energy stock traded up $1.91 during trading on Friday, reaching $80.51. 2,977,555 shares of the company’s stock were exchanged, compared to its average volume of 3,489,297. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.47 and a current ratio of 0.63. Dominion Energy Inc has a 1-year low of $57.79 and a 1-year high of $90.89. The company has a market cap of $65.97 billion, a P/E ratio of 36.60, a PEG ratio of 3.85 and a beta of 0.41. The firm’s 50-day moving average price is $77.71 and its 200 day moving average price is $80.84.
Dominion Energy (NYSE:D) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.01). The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.74 billion. Dominion Energy had a net margin of 10.80% and a return on equity of 11.97%. The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. As a group, equities research analysts predict that Dominion Energy Inc will post 4.31 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, June 5th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.67%. The ex-dividend date is Thursday, June 4th. Dominion Energy’s dividend payout ratio (DPR) is presently 88.68%.
Dominion Energy Company 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.
Featured Story: What is a Buy-Side Analyst?
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc (NYSE:D).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.