AustralianSuper Pty Ltd Invests $1.29 Million in Dominion Energy Inc. (NYSE:D)

AustralianSuper Pty Ltd purchased a new position in Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,017 shares of the utilities provider's stock, valued at approximately $1,291,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after purchasing an additional 3,553 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $1,060,000. Thrivent Financial for Lutherans boosted its holdings in shares of Dominion Energy by 7.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 53,109 shares of the utilities provider's stock valued at $2,898,000 after buying an additional 3,628 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Dominion Energy by 20.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 251,604 shares of the utilities provider's stock valued at $13,551,000 after buying an additional 43,541 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Dominion Energy by 781.8% in the 4th quarter. Teacher Retirement System of Texas now owns 49,485 shares of the utilities provider's stock valued at $2,665,000 after buying an additional 43,873 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Down 0.5%

Dominion Energy stock traded down $0.31 during mid-day trading on Wednesday, reaching $58.20. The stock had a trading volume of 1,538,104 shares, compared to its average volume of 4,797,581. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97. The stock's 50-day simple moving average is $56.09 and its 200-day simple moving average is $55.07. The firm has a market capitalization of $49.63 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the company posted $0.55 earnings per share. Dominion Energy's quarterly revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Analysts Set New Price Targets

D has been the subject of a number of recent analyst reports. Morgan Stanley lowered their target price on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and a consensus price target of $58.88.

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.