Sumitomo Mitsui DS Asset Management Company Ltd Buys 9,638 Shares of Dominion Energy Inc. (NYSE:D)

by · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Dominion Energy Inc. (NYSE:D – Free Report) by 7.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 138,876 shares of the utilities provider’s stock after buying an additional 9,638 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dominion Energy were worth $7,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 3,553 shares in the last quarter. SVB Wealth LLC bought a new stake in Dominion Energy in the 4th quarter valued at $306,000. Cape Investment Advisory Inc. increased its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Dominion Energy by 24.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 6,396 shares of the utilities provider’s stock valued at $345,000 after buying an additional 1,241 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Dominion Energy by 606.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,002 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 2,577 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on D. UBS Group upped their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley lowered their price objective on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. Finally, Argus upgraded Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One equities research 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.38.

Read Our Latest Analysis on Dominion Energy

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $57.64 on Wednesday. The stock has a market capitalization of $49.15 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.23 and a beta of 0.56. The firm’s 50-day moving average price is $55.34 and its two-hundred day moving average price is $54.74. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a 1-year low of $48.03 and a 1-year high of $61.97.

Dominion Energy (NYSE:D – Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the company earned $0.55 EPS. Dominion Energy’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were paid a $0.6675 dividend. The ex-dividend date was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.63%. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

Dominion Energy Profile

(Free Report)

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.

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