Nissay Asset Management Corp Japan ADV Boosts Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Nissay Asset Management Corp Japan ADV raised its stake in Dominion Energy, Inc. (NYSE:D) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,437 shares of the utilities provider’s stock after purchasing an additional 614 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Dominion Energy were worth $5,524,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Dominion Energy by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider’s stock worth $4,821,222,000 after buying an additional 674,859 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock valued at $1,667,540,000 after acquiring an additional 1,459,926 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after purchasing an additional 1,222,688 shares during the period. Geode Capital Management LLC boosted its position in Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider’s stock worth $997,034,000 after purchasing an additional 601,900 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Dominion Energy by 7.7% in the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock valued at $804,606,000 after purchasing an additional 1,068,996 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 1.8%

NYSE D opened at $54.98 on Friday. The company has a market capitalization of $46.89 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. 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 12 month low of $47.99 and a 12 month high of $61.97. The company’s fifty day moving average price is $53.90 and its two-hundred day moving average price is $55.10.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 earnings per share. As a group, research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Argus upgraded Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $58.75.

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.