Daiwa Securities Group Inc. Boosts Position in Dominion Energy, Inc. (NYSE:D)

Daiwa Securities Group Inc. increased its holdings in Dominion Energy, Inc. (NYSE:D) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,380 shares of the utilities provider’s stock after acquiring an additional 8,014 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Dominion Energy were worth $5,945,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in shares of Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after acquiring an additional 12,890 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Dominion Energy by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after purchasing an additional 43,055 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in Dominion Energy by 63.5% in 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 purchasing an additional 3,278,175 shares during the period. Barclays PLC raised its holdings in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after purchasing an additional 404,868 shares in the last quarter. Finally, Czech National Bank lifted its position in Dominion Energy by 6.6% during the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock valued at $9,810,000 after buying an additional 11,231 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D stock opened at $53.71 on Thursday. The stock has a market capitalization of $45.76 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The stock’s 50 day simple moving average is $55.12 and its 200 day simple moving average is $56.37. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97. 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 (NYSE:D) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.97%. Dominion Energy’s payout ratio is 98.89%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on D shares. Scotiabank increased their price target 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. Morgan Stanley started 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 for the company. Finally, JPMorgan Chase & Co. boosted their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.