Dominion Energy, Inc. (NYSE:D) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338,100 shares of the utilities provider’s stock after acquiring an additional 15,200 shares during the period. Forsta AP Fonden’s holdings in Dominion Energy were worth $19,539,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in D. Wealth Enhancement Advisory Services LLC increased its position in shares of Dominion Energy by 7.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,649 shares of the utilities provider’s stock valued at $5,394,000 after acquiring an additional 7,670 shares during the last quarter. Independence Bank of Kentucky grew its holdings in shares of Dominion Energy by 35.2% in the first quarter. Independence Bank of Kentucky now owns 3,940 shares of the utilities provider’s stock valued at $194,000 after purchasing an additional 1,025 shares in the last quarter. Cornerstone Wealth Group LLC grew its holdings in shares of Dominion Energy by 21.4% in the first quarter. Cornerstone Wealth Group LLC now owns 16,439 shares of the utilities provider’s stock valued at $809,000 after purchasing an additional 2,902 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in shares of Dominion Energy in the first quarter valued at approximately $799,000. Finally, Chapin Davis Inc. acquired a new position in shares of Dominion Energy in the first quarter valued at approximately $205,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on D shares. Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Scotiabank lifted their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, BMO Capital Markets lifted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.40.

Dominion Energy Stock Down 2.0 %

Shares of NYSE:D opened at $59.58 on Friday. The company has a market capitalization of $49.90 billion, a PE ratio of 30.71, a P/E/G ratio of 1.60 and a beta of 0.60. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $39.44 and a twelve month high of $61.26. The firm has a 50 day simple moving average of $57.60 and a 200-day simple moving average of $53.72.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. On average, equities analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.48%. Dominion Energy’s payout ratio is 137.63%.

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.