Dominion Energy Inc. $D Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Dominion Energy Inc. (NYSE:D) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,492 shares of the utilities provider’s stock after purchasing an additional 14,252 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Dominion Energy were worth $8,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after acquiring an additional 14,715,895 shares in the last quarter. Norges Bank acquired a new position in Dominion Energy in the 2nd quarter valued at $566,924,000. Mizuho Markets Americas LLC lifted its holdings in Dominion Energy by 139.3% in the 3rd quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock valued at $53,065,000 after purchasing an additional 3,073,835 shares in the last quarter. State Street Corp boosted its stake in Dominion Energy by 2.9% during the 2nd quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock worth $2,619,216,000 after purchasing an additional 1,313,621 shares during the last quarter. Finally, London Co. of Virginia grew its holdings in shares of Dominion Energy by 30.9% during the second quarter. London Co. of Virginia now owns 4,965,699 shares of the utilities provider’s stock worth $280,662,000 after buying an additional 1,172,445 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lowered their target price on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a report on Thursday, December 11th. TD Cowen initiated coverage on Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Monday, December 29th. Finally, Wells Fargo & Company cut their target price on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $64.33.

Dominion Energy Stock Down 1.2%

Shares of D opened at $60.11 on Friday. The company’s 50-day moving average price is $59.65 and its 200 day moving average price is $60.02. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.87. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. The firm has a market cap of $51.33 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.72.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.02 by $0.04. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period in the prior year, the business posted $0.98 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, February 27th. Dominion Energy’s payout ratio is currently 90.82%.

About Dominion Energy

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.