Dominion Energy, Inc. (NYSE:D) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Dominion Energy, Inc. (NYSE:DGet Rating) by 31.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,915 shares of the utilities provider’s stock after acquiring an additional 18,606 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Dominion Energy were worth $6,535,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ellis Investment Partners LLC purchased a new position in Dominion Energy during the first quarter worth approximately $25,000. DeDora Capital Inc. purchased a new position in Dominion Energy during the first quarter worth approximately $27,000. Blume Capital Management Inc. purchased a new position in Dominion Energy during the first quarter worth approximately $27,000. Comprehensive Financial Consultants Institutional Inc. purchased a new position in Dominion Energy during the fourth quarter worth approximately $30,000. Finally, Rather & Kittrell Inc. purchased a new position in Dominion Energy during the fourth quarter worth approximately $31,000. 69.75% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on D. Barclays decreased their target price on Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Mizuho decreased their target price on Dominion Energy from $87.00 to $81.00 in a research report on Friday, July 15th. BMO Capital Markets raised their target price on Dominion Energy from $87.00 to $91.00 and gave the company an “outperform” rating in a research report on Tuesday, August 9th. Morgan Stanley raised their target price on Dominion Energy from $84.00 to $92.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 23rd. Finally, UBS Group decreased their target price on Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.29.

Dominion Energy Trading Down 1.4 %

Shares of NYSE D opened at $78.93 on Thursday. Dominion Energy, Inc. has a twelve month low of $70.37 and a twelve month high of $88.78. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.44. The stock has a fifty day simple moving average of $81.79 and a 200-day simple moving average of $82.11. The stock has a market capitalization of $65.71 billion, a PE ratio of 29.56, a PEG ratio of 3.11 and a beta of 0.41.

Dominion Energy (NYSE:DGet Rating) last issued its quarterly earnings data on Monday, August 8th. The utilities provider reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Dominion Energy had a return on equity of 12.95% and a net margin of 15.09%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis. On average, equities analysts forecast that Dominion Energy, Inc. will post 4.11 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were issued a $0.6675 dividend. The ex-dividend date was Thursday, September 1st. This represents a $2.67 dividend on an annualized basis and a yield of 3.38%. Dominion Energy’s dividend payout ratio (DPR) is presently 100.00%.

About Dominion Energy

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

Further Reading

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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