ING Groep NV Takes Position in Dominion Energy, Inc. (NYSE:D)

ING Groep NV acquired a new stake in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 84,987 shares of the utilities provider’s stock, valued at approximately $4,577,000.

Other institutional investors also recently modified their holdings of the company. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the 3rd quarter valued at $28,000. Roble Belko & Company Inc bought a new position in Dominion Energy during the fourth quarter worth $27,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the third quarter worth $32,000. Dunhill Financial LLC boosted its stake in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 449 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

D has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Performance

Shares of D stock opened at $57.38 on Friday. The firm has a 50-day moving average of $54.58 and a 200-day moving average of $56.35. The company has a market cap of $48.20 billion, a P/E ratio of 21.25, a P/E/G ratio of 1.21 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a one year low of $44.17 and a one year high of $61.97.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.