Nomura Asset Management Co. Ltd. Purchases 8,957 Shares of Dominion Energy, Inc. (NYSE:D)

Nomura Asset Management Co. Ltd. grew its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 3.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 275,300 shares of the utilities provider’s stock after purchasing an additional 8,957 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $15,910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Family Firm Inc. bought a new position in Dominion Energy in the 2nd quarter worth about $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy in the 3rd quarter valued at $32,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy during the 2nd quarter valued at $33,000. Finally, Dunhill Financial LLC raised its position in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 1.0 %

Shares of D stock opened at $55.04 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The business has a 50-day moving average of $58.09 and a 200 day moving average of $55.19. The stock has a market capitalization of $46.23 billion, a PE ratio of 19.31, a P/E/G ratio of 1.49 and a beta of 0.59. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the business earned $0.77 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.85%. Dominion Energy’s payout ratio is presently 93.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on D shares. Jefferies Financial Group began coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Barclays increased their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley started coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $56.33.

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.