Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Dominion Energy Inc (NYSE:D) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,144 shares of the utilities provider’s stock after acquiring an additional 500 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Nalls Sherbakoff Group LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth about $26,000. Altshuler Shaham Ltd bought a new stake in shares of Dominion Energy in the 4th quarter worth about $27,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Dominion Energy in the 1st quarter worth about $27,000. Athena Capital Advisors LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth about $28,000. Finally, Heritage Trust Co increased its holdings in shares of Dominion Energy by 58.8% in the 4th quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock worth $29,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 59.38% of the company’s stock.
Dominion Energy stock traded up $0.60 during trading hours on Wednesday, hitting $77.33. The company had a trading volume of 2,746,078 shares, compared to its average volume of 4,300,377. The stock has a market cap of $61.57 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 3.70 and a beta of 0.23. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.61 and a quick ratio of 0.44. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $77.91.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.02). Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same period last year, the firm earned $1.14 earnings per share. Dominion Energy’s quarterly revenue was up 11.3% on a year-over-year basis. Research analysts expect that Dominion Energy Inc will post 4.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a $0.9175 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.67 annualized dividend and a dividend yield of 4.75%. Dominion Energy’s dividend payout ratio is currently 90.62%.
D has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded shares of Dominion Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $79.00 to $73.00 in a report on Tuesday, January 22nd. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. Argus reaffirmed a “buy” rating on shares of Dominion Energy in a research note on Wednesday, February 27th. Mizuho initiated coverage on shares of Dominion Energy in a research note on Monday, March 11th. They set a “neutral” rating and a $76.00 price target for the company. Finally, Macquarie cut shares of Dominion Energy from an “outperform” rating to a “neutral” rating in a research note on Monday, March 18th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $85.00.
In related news, Director Robert H. Spilman, Jr. sold 1,215 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $76.01, for a total transaction of $92,352.15. Following the completion of the transaction, the director now owns 23,598 shares in the company, valued at approximately $1,793,683.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director D Maybank Hagood acquired 1,965 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of $76.34 per share, with a total value of $150,008.10. Following the purchase, the director now owns 2,975 shares in the company, valued at $227,111.50. The disclosure for this purchase can be found here. Insiders own 0.26% of the company’s stock.
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About Dominion Energy
Dominion Energy, Inc produces and transports energy. 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.
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