Asahi Life Asset Management CO. LTD. bought a new position in shares of Dominion Energy Inc (NYSE:D) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,210 shares of the utilities provider’s stock, valued at approximately $629,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc increased its stake in Dominion Energy by 1.7% in the third quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock valued at $3,505,778,000 after acquiring an additional 825,191 shares during the last quarter. BlackRock Inc. increased its stake in Dominion Energy by 2.2% in the fourth quarter. BlackRock Inc. now owns 47,209,637 shares of the utilities provider’s stock valued at $3,373,599,000 after acquiring an additional 1,032,107 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Dominion Energy by 34.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock valued at $1,069,671,000 after acquiring an additional 3,801,740 shares during the last quarter. Geode Capital Management LLC increased its stake in Dominion Energy by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after acquiring an additional 1,697,619 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Dominion Energy by 7.9% in the fourth quarter. Northern Trust Corp now owns 8,392,621 shares of the utilities provider’s stock valued at $599,737,000 after acquiring an additional 613,093 shares during the last quarter. 59.38% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on D. Zacks Investment Research upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Monday, April 8th. Argus restated a “buy” rating on shares of Dominion Energy in a research report on Wednesday, February 27th. Macquarie lowered shares of Dominion Energy from an “outperform” rating to a “neutral” rating in a research report on Monday, March 18th. They noted that the move was a valuation call. Credit Suisse Group set a $77.00 target price on shares of Dominion Energy and gave the company a “hold” rating in a research report on Monday, April 22nd. Finally, Wolfe Research set a $79.00 target price on shares of Dominion Energy and gave the company a “hold” rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $85.00.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. Dominion Energy’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. Equities analysts anticipate that Dominion Energy Inc will post 4.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.9175 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.75%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.62%.
In related news, Director Robert H. Spilman, Jr. sold 1,215 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $76.01, for a total value of $92,352.15. Following the transaction, the director now owns 23,598 shares in the company, valued at $1,793,683.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director D Maybank Hagood bought 1,965 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $76.34 per share, for a total transaction of $150,008.10. Following the acquisition, the director now owns 2,975 shares of the company’s stock, valued at $227,111.50. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.
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Dominion Energy Profile
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.
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