DNB Asset Management AS increased its position in Dominion Energy Inc. (NYSE:D – Free Report) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 514,844 shares of the utilities provider’s stock after buying an additional 108,520 shares during the period. DNB Asset Management AS’s holdings in Dominion Energy were worth $30,165,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in D. Triumph Capital Management acquired a new stake in shares of Dominion Energy in the 3rd quarter worth about $28,000. United Community Bank bought a new stake in Dominion Energy during the 3rd quarter worth approximately $29,000. JPL Wealth Management LLC bought a new stake in Dominion Energy during the 3rd quarter worth approximately $30,000. Costello Asset Management INC increased its holdings in Dominion Energy by 66.7% during the 4th quarter. Costello Asset Management INC now owns 500 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings in Dominion Energy by 5,080.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 518 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 508 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Stock Performance
Shares of D stock opened at $61.83 on Friday. The stock has a market capitalization of $54.37 billion, a PE ratio of 18.29, a P/E/G ratio of 3.25 and a beta of 0.65. The firm has a 50 day moving average of $62.34 and a two-hundred day moving average of $61.35. Dominion Energy Inc. has a 52 week low of $53.36 and a 52 week high of $67.57. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38.
Dominion Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 20th. Investors of record on Friday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 78.99%.
Analysts Set New Price Targets
A number of brokerages have commented on D. Scotiabank boosted their price objective on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Dominion Energy in a report on Friday, May 8th. Wall Street Zen lowered Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America boosted their price objective on Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, Jefferies Financial Group boosted their price objective on Dominion Energy from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.31.
Check Out Our Latest Research Report on Dominion Energy
Dominion Energy Profile
Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.
Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.
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