Dominion Energy, Inc. (NYSE:D) Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,900 shares of the utilities provider’s stock after buying an additional 3,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Dominion Energy were worth $8,349,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in D. Brighton Jones LLC lifted its position in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 3,553 shares during the period. Empowered Funds LLC lifted its position in Dominion Energy by 12.2% in the fourth quarter. Empowered Funds LLC now owns 16,227 shares of the utilities provider’s stock valued at $874,000 after purchasing an additional 1,767 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Dominion Energy by 40.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 347,287 shares of the utilities provider’s stock valued at $18,892,000 after purchasing an additional 99,517 shares during the period. Vontobel Holding Ltd. lifted its position in Dominion Energy by 18.3% in the fourth quarter. Vontobel Holding Ltd. now owns 7,969 shares of the utilities provider’s stock valued at $429,000 after purchasing an additional 1,235 shares during the period. Finally, Principal Securities Inc. lifted its position in Dominion Energy by 3.9% in the fourth quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider’s stock valued at $851,000 after purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. restated an “underweight” rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, Morgan Stanley dropped their target price on shares of Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating for the company in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $58.63.

Dominion Energy Trading Down 1.4%

Shares of D opened at $54.71 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a 50 day simple moving average of $54.80 and a 200-day simple moving average of $54.75. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97. The stock has a market cap of $46.66 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Thursday, May 29th. Dominion Energy’s dividend payout ratio is presently 100.00%.

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.