MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $21.41 Million Stake in Dominion Energy, Inc. (NYSE:D)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 397,492 shares of the utilities provider's stock after purchasing an additional 39,787 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Dominion Energy were worth $21,409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in D. Simon Quick Advisors LLC boosted its holdings in Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock worth $229,000 after purchasing an additional 184 shares during the period. Cadence Bank lifted its position in shares of Dominion Energy by 2.0% in the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after buying an additional 189 shares during the last quarter. Choate Investment Advisors boosted its holdings in shares of Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after buying an additional 198 shares during the period. Eagle Strategies LLC grew its position in shares of Dominion Energy by 6.0% during the 4th quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider's stock valued at $202,000 after buying an additional 212 shares during the last quarter. Finally, Covestor Ltd raised its stake in Dominion Energy by 16.9% during the fourth quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock worth $81,000 after acquiring an additional 217 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. UBS Group boosted their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Morgan Stanley increased their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $58.75.

Dominion Energy Stock Performance

Shares of D stock traded up $0.74 during trading on Friday, reaching $55.78. The company had a trading volume of 4,679,028 shares, compared to its average volume of 4,447,157. The firm's 50 day simple moving average is $53.92 and its two-hundred day simple moving average is $55.06. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market capitalization of $47.57 billion, a PE ratio of 20.66, a PEG ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The company's quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio is 100.00%.

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.