Dominion Energy, Inc. (NYSE:D) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Dominion Energy, Inc. (NYSE:DGet Rating) by 31.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 76,915 shares of the utilities provider’s stock after buying an additional 18,606 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Dominion Energy were worth $6,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Dominion Energy in the 4th quarter worth approximately $319,198,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Dominion Energy by 1,885.3% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,082,089 shares of the utilities provider’s stock worth $320,689,000 after acquiring an additional 3,876,471 shares during the period. State Street Corp grew its holdings in shares of Dominion Energy by 8.3% in the 1st quarter. State Street Corp now owns 46,230,763 shares of the utilities provider’s stock worth $3,928,228,000 after acquiring an additional 3,546,948 shares during the period. BlackRock Inc. lifted its stake in Dominion Energy by 6.3% in the 4th quarter. BlackRock Inc. now owns 55,640,019 shares of the utilities provider’s stock valued at $4,371,081,000 after buying an additional 3,308,258 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Dominion Energy by 17.2% in the 4th quarter. Capital Research Global Investors now owns 18,060,658 shares of the utilities provider’s stock valued at $1,418,845,000 after buying an additional 2,649,044 shares in the last quarter. Institutional investors and hedge funds own 69.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on D. UBS Group reduced their target price on Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. BMO Capital Markets upped their target price on Dominion Energy from $87.00 to $91.00 and gave the company an “outperform” rating in a research note on Tuesday, August 9th. Mizuho reduced their target price on Dominion Energy from $87.00 to $81.00 in a research note on Friday, July 15th. Barclays reduced their target price on Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. Finally, Morgan Stanley upped their target price on Dominion Energy from $84.00 to $92.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.29.

Dominion Energy Trading Down 1.4 %

Shares of Dominion Energy stock opened at $78.93 on Thursday. The firm has a market cap of $65.71 billion, a PE ratio of 29.56, a P/E/G ratio of 3.11 and a beta of 0.41. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.44. The business’s fifty day moving average is $81.79 and its two-hundred day moving average is $82.11. Dominion Energy, Inc. has a fifty-two week low of $70.37 and a fifty-two week high of $88.78.

Dominion Energy (NYSE:DGet Rating) last released its quarterly earnings data on Monday, August 8th. The utilities provider reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.51 billion. Dominion Energy had a return on equity of 12.95% and a net margin of 15.09%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. Analysts anticipate that Dominion Energy, Inc. will post 4.11 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.6675 per share. The ex-dividend date was Thursday, September 1st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.38%. Dominion Energy’s payout ratio is 100.00%.

About Dominion Energy

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 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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