Asset Planning Inc Acquires New Holdings in Dominion Energy, Inc. (NYSE:D)

Asset Planning Inc acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,839 shares of the utilities provider’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in D. Hotchkis & Wiley Capital Management LLC increased its position in Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after acquiring an additional 3,278,175 shares during the period. Point72 Asset Management L.P. increased its position in Dominion Energy by 10,324.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after acquiring an additional 2,229,220 shares during the period. International Assets Investment Management LLC increased its position in shares of Dominion Energy by 7,438.3% during the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after buying an additional 1,463,858 shares during the period. State Street Corp increased its position in shares of Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after buying an additional 1,365,555 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Dominion Energy by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock worth $1,653,964,000 after buying an additional 1,222,688 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 1.4 %

NYSE:D opened at $56.69 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a one year low of $44.16 and a one year high of $61.97. The company has a market cap of $47.62 billion, a PE ratio of 19.89, a PEG ratio of 1.18 and a beta of 0.61. The firm has a 50-day moving average of $54.44 and a 200-day moving average of $56.27.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.71%. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on D shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley started coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Company Profile

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.