Norinchukin Bank The increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,011 shares of the utilities provider’s stock after buying an additional 242 shares during the period. Norinchukin Bank The’s holdings in Dominion Energy were worth $5,090,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sterling Financial Planning Inc. acquired a new position in Dominion Energy during the 4th quarter valued at about $29,000. Sittner & Nelson LLC acquired a new position in Dominion Energy during the 4th quarter valued at about $30,000. Reby Advisors LLC acquired a new position in Dominion Energy during the 4th quarter valued at about $31,000. First Personal Financial Services lifted its position in Dominion Energy by 2,323.5% during the 1st quarter. First Personal Financial Services now owns 412 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 395 shares during the period. Finally, Certified Advisory Corp acquired a new position in Dominion Energy during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 66.04% of the company’s stock.
NYSE D opened at $77.45 on Friday. The business’s 50 day simple moving average is $77.57. Dominion Energy, Inc. has a 52-week low of $67.85 and a 52-week high of $86.95. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The company has a market cap of $62.47 billion, a PE ratio of 73.76, a price-to-earnings-growth ratio of 2.95 and a beta of 0.34.
The company also recently declared a quarterly dividend, which will be paid on Sunday, June 20th. Shareholders of record on Friday, June 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, June 3rd. Dominion Energy’s dividend payout ratio (DPR) is currently 71.19%.
A number of research analysts have issued reports on D shares. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, April 22nd. Credit Suisse Group upped their price target on Dominion Energy from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, April 21st. KeyCorp upped their price target on Dominion Energy from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, April 21st. Finally, Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating and set a $80.00 price target for the company. in a research note on Wednesday, April 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $83.08.
About Dominion Energy
Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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