Maple Brown Abbott Ltd Has $62.51 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Maple Brown Abbott Ltd reduced its position in Dominion Energy, Inc. (NYSE:D) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,160,620 shares of the utilities provider’s stock after selling 19,830 shares during the period. Dominion Energy accounts for 7.6% of Maple Brown Abbott Ltd’s portfolio, making the stock its 6th biggest position. Maple Brown Abbott Ltd’s holdings in Dominion Energy were worth $62,511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of D. Thrivent Financial for Lutherans boosted its holdings in shares of Dominion Energy by 2.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 54,018 shares of the utilities provider’s stock worth $2,647,000 after purchasing an additional 1,163 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Dominion Energy during the 2nd quarter worth about $1,651,000. AQR Capital Management LLC lifted its position in Dominion Energy by 201.9% in the second quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock valued at $1,654,000 after acquiring an additional 22,567 shares during the last quarter. MBB Public Markets I LLC acquired a new position in shares of Dominion Energy in the 2nd quarter valued at $2,956,000. Finally, The Manufacturers Life Insurance Company increased its position in Dominion Energy by 2.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,464,803 shares of the utilities provider’s stock valued at $71,775,000 after acquiring an additional 29,963 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on D shares. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank upped their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Price Performance

NYSE:D opened at $53.48 on Monday. The firm has a fifty day simple moving average of $55.20 and a 200 day simple moving average of $55.94. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The stock has a market capitalization of $44.93 billion, a PE ratio of 18.77, a P/E/G ratio of 1.15 and a beta of 0.60. 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 quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. On average, research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.99%. The ex-dividend date was Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.

About Dominion Energy

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.