Forsta AP Fonden Has $17.58 Million Stake in Dominion Energy, Inc. (NYSE:D)

Forsta AP Fonden lowered its holdings in Dominion Energy, Inc. (NYSE:D) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 326,300 shares of the utilities provider’s stock after selling 11,800 shares during the quarter. Forsta AP Fonden’s holdings in Dominion Energy were worth $17,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Smith Group Asset Management LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth $366,000. Robeco Institutional Asset Management B.V. grew its position in shares of Dominion Energy by 325.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 51,323 shares of the utilities provider’s stock valued at $2,764,000 after acquiring an additional 39,250 shares during the period. R Squared Ltd purchased a new stake in shares of Dominion Energy during the 4th quarter worth approximately $275,000. SteelPeak Wealth LLC raised its holdings in shares of Dominion Energy by 10.4% in the 4th quarter. SteelPeak Wealth LLC now owns 17,039 shares of the utilities provider’s stock worth $918,000 after purchasing an additional 1,599 shares during the period. Finally, Stonegate Investment Group LLC lifted its stake in Dominion Energy by 1.6% in the fourth quarter. Stonegate Investment Group LLC now owns 15,321 shares of the utilities provider’s stock valued at $825,000 after purchasing an additional 243 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the subject of several research reports. Morgan Stanley assumed coverage on Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Barclays upped their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Scotiabank lifted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Trading Down 0.2 %

Dominion Energy stock opened at $55.18 on Thursday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The business’s fifty day moving average is $55.11 and its 200 day moving average is $56.03. 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 stock has a market capitalization of $46.35 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.84%. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.