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

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

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Dominion Energy by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock worth $4,821,222,000 after buying an additional 674,859 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Dominion Energy by 4.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after purchasing an additional 1,459,926 shares during the period. Geode Capital Management LLC increased its stake in shares of Dominion Energy by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock worth $997,034,000 after acquiring an additional 601,900 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Dominion Energy by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider's stock valued at $890,318,000 after purchasing an additional 939,835 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Dominion Energy by 2.9% during the 4th quarter. Bank of America Corp DE now owns 11,946,195 shares of the utilities provider's stock valued at $643,422,000 after purchasing an additional 336,747 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 1.4%

Shares of NYSE:D traded up $0.84 during midday trading on Tuesday, reaching $58.53. The company had a trading volume of 1,720,288 shares, compared to its average volume of 4,791,974. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The business's 50 day moving average price is $56.09 and its 200 day moving average price is $55.07. The stock has a market cap of $49.91 billion, a PE ratio of 21.92, a P/E/G ratio of 1.26 and a beta of 0.56. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. Research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.6675 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.56%. Dominion Energy's dividend payout ratio (DPR) is currently 100.00%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley reduced their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. boosted 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.