Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Dominion Energy Inc (NYSE:D) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,375 shares of the utilities provider’s stock after purchasing an additional 3,745 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Dominion Energy were worth $5,297,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Kaizen Advisory LLC increased its holdings in shares of Dominion Energy by 136.6% during the second quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock worth $100,000 after buying an additional 851 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of Dominion Energy in the third quarter valued at approximately $132,000. Bridgeworth LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $166,000. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Dominion Energy by 310.6% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,644 shares of the utilities provider’s stock valued at $180,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Patton Albertson Miller Group LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at approximately $185,000. Hedge funds and other institutional investors own 67.43% of the company’s stock.
D opened at $71.42 on Thursday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.52 and a quick ratio of 0.36. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $85.30. The firm has a market cap of $47.62 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.82 and a beta of 0.23.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, December 7th will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.68%. Dominion Energy’s dividend payout ratio is presently 92.78%.
In other Dominion Energy news, Director John W. Harris bought 10,000 shares of the stock in a transaction on Tuesday, August 28th. The stock was purchased at an average price of $71.15 per share, with a total value of $711,500.00. Following the acquisition, the director now owns 17,495 shares of the company’s stock, valued at $1,244,769.25. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.37% of the stock is currently owned by insiders.
A number of analysts recently weighed in on D shares. Zacks Investment Research lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Friday, July 20th. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $67.00 to $70.00 and gave the company a “hold” rating in a report on Monday, July 23rd. Guggenheim reissued a “buy” rating and issued a $77.00 price target on shares of Dominion Energy in a report on Monday, July 23rd. Howard Weil started coverage on shares of Dominion Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating for the company. Finally, Scotiabank started coverage on shares of Dominion Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $167.00 price target for the company. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $84.75.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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