Tokio Marine Asset Management Co. Ltd. Buys 1,538 Shares of Dominion Energy, Inc. (NYSE:D)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,077 shares of the utilities provider’s stock after purchasing an additional 1,538 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Dominion Energy by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. Wellington Management Group LLP boosted its stake in Dominion Energy by 631.2% in the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after acquiring an additional 14,105,237 shares in the last quarter. Northern Trust Corp boosted its stake in Dominion Energy by 2.7% in the third quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock valued at $380,919,000 after acquiring an additional 220,238 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Dominion Energy by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock worth $357,769,000 after buying an additional 75,600 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Dominion Energy by 12.8% during the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after buying an additional 803,341 shares during the period. Institutional investors own 73.04% of the company’s stock.

Insider Activity

In other news, CEO Robert M. Blue purchased 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other Dominion Energy news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was bought at an average price of $45.91 per share, with a total value of $997,853.85. Following the transaction, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Dominion Energy Price Performance

Shares of D stock traded down $0.15 on Friday, reaching $50.82. 212,728 shares of the company were exchanged, compared to its average volume of 5,286,911. The company has a market cap of $42.57 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 3.45 and a beta of 0.61. The business has a 50-day moving average price of $48.08 and a 200 day moving average price of $46.31. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $57.90.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS. Equities research analysts forecast that Dominion Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on D shares. Bank of America boosted their target price on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday. Barclays decreased their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a research report on Monday, March 11th. Mizuho cut their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $49.10.

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.