Mirae Asset Global Investments Co. Ltd. Buys 22,982 Shares of Dominion Energy, Inc. (NYSE:D)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 152,020 shares of the utilities provider’s stock after acquiring an additional 22,982 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dominion Energy were worth $7,523,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Criterion Capital Advisors LLC bought a new stake in Dominion Energy during the 4th quarter valued at approximately $29,000. Rise Advisors LLC bought a new stake in Dominion Energy during the 1st quarter valued at approximately $30,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Dominion Energy during the 4th quarter valued at approximately $30,000. Venturi Wealth Management LLC boosted its stake in Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares during the period. Finally, Albion Financial Group UT boosted its stake in Dominion Energy by 300.0% during the 1st quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 600 shares during the period. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on D shares. Scotiabank decreased their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Mizuho upped their price target on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Evercore ISI upped their price target on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the company from $43.00 to $54.00 in a report on Friday, May 10th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $51.64.

View Our Latest Analysis on Dominion Energy

Dominion Energy Stock Up 0.3 %

NYSE D opened at $49.48 on Wednesday. The firm has a market cap of $41.44 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 1.32 and a beta of 0.58. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $54.74. The stock’s 50 day simple moving average is $51.37 and its 200 day simple moving average is $48.79. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94.

Dominion Energy (NYSE:DGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. Dominion Energy’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 EPS. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a dividend of $0.6675 per share. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a yield of 5.40%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Dominion Energy Company Profile

(Free Report)

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.

Further Reading

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

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