Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its position in shares of Dominion Energy Inc (NYSE:D) by 0.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Sofos Investments Inc. acquired a new stake in shares of Dominion Energy during the 4th quarter worth approximately $99,000. Peddock Capital Advisors LLC bought a new position in Dominion Energy in the fourth quarter worth $25,000. Braun Bostich & Associates Inc. acquired a new stake in Dominion Energy during the fourth quarter worth $25,000. HBC Financial Services PLLC bought a new stake in Dominion Energy in the 4th quarter valued at $33,000. Finally, Brooktree Capital Management bought a new stake in Dominion Energy in the 1st quarter valued at $29,000. 66.77% of the stock is owned by hedge funds and other institutional investors.
NYSE:D traded up $1.91 during mid-day trading on Friday, reaching $80.51. 2,977,555 shares of the company were exchanged, compared to its average volume of 3,489,297. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 1.14. The stock has a market cap of $65.97 billion, a PE ratio of 36.60, a PEG ratio of 3.85 and a beta of 0.41. Dominion Energy Inc has a 12 month low of $57.79 and a 12 month high of $90.89. The company has a fifty day moving average of $77.71 and a 200 day moving average of $80.84.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.10 by ($0.01). The company had revenue of $4.50 billion for 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%. Dominion Energy’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. On average, equities research analysts anticipate that Dominion Energy Inc will post 4.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, June 5th will be paid a $0.94 dividend. The ex-dividend date is Thursday, June 4th. This represents a $3.76 annualized dividend and a dividend yield of 4.67%. Dominion Energy’s dividend payout ratio (DPR) is currently 88.68%.
Several analysts have recently weighed in on D shares. Evercore ISI initiated coverage on shares of Dominion Energy in a research report on Friday, February 14th. They set a “hold” rating and a $88.00 target price on the stock. Mizuho upped their price objective on Dominion Energy from $69.00 to $82.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. UBS Group dropped their target price on Dominion Energy from $94.00 to $87.00 and set a “buy” rating for the company in a report on Friday, May 8th. Morgan Stanley decreased their price target on Dominion Energy from $86.00 to $84.00 and set an “equal weight” rating on the stock in a research note on Friday, May 15th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $79.00 price objective on shares of Dominion Energy in a research note on Wednesday, February 19th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Dominion Energy has a consensus rating of “Hold” and a consensus target price of $84.33.
About Dominion Energy
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.
See Also: volatile stocks
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.