Mn Services Vermogensbeheer B.V. Raises Holdings in Dominion Energy, Inc. (NYSE:D)

Mn Services Vermogensbeheer B.V. increased its position in Dominion Energy, Inc. (NYSE:D) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 148,900 shares of the utilities provider’s stock after buying an additional 3,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Dominion Energy were worth $8,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 378 shares during the period. Cape Investment Advisory Inc. grew its stake in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department bought a new position in Dominion Energy in the fourth quarter worth about $26,000. Fairway Wealth LLC bought a new position in Dominion Energy in the fourth quarter worth about $27,000. Finally, Orion Capital Management LLC bought a new position in Dominion Energy in the fourth quarter worth about $27,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating on the stock in a report on Thursday, May 22nd. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price target (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 issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $58.63.

Dominion Energy Stock Performance

D opened at $54.71 on Tuesday. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The stock has a market cap of $46.66 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56. The business’s 50 day moving average is $54.80 and its 200-day moving average is $54.75. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

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

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a $2.67 annualized dividend and a yield of 4.88%. Dominion Energy’s payout ratio is 100.00%.

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.