Dominion Energy, Inc. (NYSE:D) Position Increased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,437 shares of the utilities provider’s stock after buying an additional 614 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Dominion Energy were worth $5,524,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in D. Barclays PLC raised its stake in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after acquiring an additional 404,868 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after purchasing an additional 1,222,688 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Dominion Energy by 8.0% during the fourth quarter. Wedmont Private Capital now owns 6,207 shares of the utilities provider’s stock valued at $331,000 after purchasing an additional 461 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Dominion Energy in the fourth quarter worth about $48,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Dominion Energy by 273.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,753 shares of the utilities provider’s stock valued at $94,000 after buying an additional 1,284 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.8%

Dominion Energy stock opened at $54.98 on Friday. The firm has a market cap of $46.89 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The firm’s 50 day moving average price is $53.90 and its two-hundred day moving average price is $55.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS. On average, research analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be paid a $0.6675 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.86%. Dominion Energy’s dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

D has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. UBS Group increased their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $58.75.

Dominion Energy Company 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.