Mitsubishi UFJ Asset Management Co. Ltd. Raises Stake in Dominion Energy, Inc. (NYSE:D)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Dominion Energy, Inc. (NYSE:D) by 10.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,345,714 shares of the utilities provider’s stock after buying an additional 122,466 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of Dominion Energy worth $73,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in D. Simon Quick Advisors LLC increased its stake in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY increased its stake in shares of Dominion Energy by 2.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 195 shares during the period. Choate Investment Advisors raised its holdings in Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 198 shares in the last quarter. Passumpsic Savings Bank lifted its position in Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 199 shares during the period. Finally, Meridian Financial Partners LLC boosted its holdings in Dominion Energy by 1.6% in the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after purchasing an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Argus raised Dominion Energy to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Scotiabank increased their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, UBS Group boosted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Thirteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.58.

Dominion Energy Stock Up 0.9 %

Shares of NYSE:D opened at $54.98 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $46.85 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $46.62 and a 52-week high of $61.97. The stock’s fifty day simple moving average is $55.17 and its 200-day simple moving average is $56.19.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 98.89%.

Dominion Energy 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.