Dominion Energy, Inc. (NYSE:D) Shares Purchased by Mystic Asset Management Inc.

Mystic Asset Management Inc. lifted its position in Dominion Energy, Inc. (NYSE:D) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,252 shares of the utilities provider’s stock after purchasing an additional 398 shares during the period. Mystic Asset Management Inc.’s holdings in Dominion Energy were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC raised its position in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the period. Point72 Asset Management L.P. raised its position in Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after acquiring an additional 2,229,220 shares during the period. State Street Corp raised its position in shares of Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after buying an additional 1,365,555 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $71,409,000. Finally, JPMorgan Chase & Co. raised its position in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after buying an additional 1,222,688 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.1 %

Shares of D opened at $54.77 on Wednesday. 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, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97. The firm has a 50-day moving average price of $55.15 and a 200 day moving average price of $56.33. The firm has a market capitalization of $46.66 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

Wall Street Analyst Weigh In

D has been the subject of a number of recent research reports. Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $57.18.

Dominion Energy Company Profile

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.