Dominion Energy, Inc. (NYSE:D) Shares Acquired by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd increased its stake in Dominion Energy, Inc. (NYSE:D) by 35.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 57,735 shares of the utilities provider’s stock after purchasing an additional 15,133 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Dominion Energy were worth $3,337,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of D. Family Firm Inc. acquired a new stake in shares of Dominion Energy in the second quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy in the third quarter valued at about $28,000. LRI Investments LLC purchased a new position in Dominion Energy in the first quarter valued at about $30,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy in the third quarter valued at about $32,000. Finally, Triad Wealth Partners LLC purchased a new position in Dominion Energy in the second quarter valued at about $33,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 1.0 %

Shares of Dominion Energy stock opened at $59.13 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The business’s 50 day simple moving average is $58.09 and its 200-day simple moving average is $54.92. The stock has a market capitalization of $49.67 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.56 and a beta of 0.59. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s payout ratio is 93.68%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets increased their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Barclays increased their price target on 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. increased their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Scotiabank increased their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Jefferies Financial Group began coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.91.

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.