ASR Vermogensbeheer N.V. Invests $10.85 Million in Dominion Energy Inc. (NYSE:D)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $10.85 million in Dominion Energy, acquiring 193,564 shares of the company during the first quarter.
• Analysts have mixed ratings on Dominion Energy, with a consensus rating of "Hold" and a price target of $59.14, while recent earnings reported an EPS of $0.75, missing estimates.
• The company has declared a quarterly dividend of $0.6675 per share, with a recent yield of 4.4% and a payout ratio of 92.07%.

ASR Vermogensbeheer N.V. bought a new position in Dominion Energy Inc. (NYSE:D - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 193,564 shares of the utilities provider's stock, valued at approximately $10,853,000.

Other large investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after purchasing an additional 378 shares during the last quarter. Orion Capital Management LLC bought a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Park Square Financial Group LLC acquired a new position in shares of Dominion Energy during the fourth quarter valued at $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Dominion Energy during the first quarter valued at $28,000. Finally, Navigoe LLC bought a new position in Dominion Energy in the fourth quarter valued at about $29,000. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

D has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Morgan Stanley cut their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $59.14.

Dominion Energy Stock Down 0.1%

NYSE:D opened at $61.00 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 1.35. The stock has a 50-day moving average price of $56.98 and a two-hundred day moving average price of $55.51. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $61.97. The stock has a market cap of $52.06 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.33 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%. The company's revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. As a group, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's dividend payout ratio is 92.07%.

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.

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