Mirae Asset Global Investments Co. Ltd. Purchases 126,323 Shares of Dominion Energy Inc. (NYSE:D)

Mirae Asset Global Investments Co. Ltd. grew its position in Dominion Energy Inc. (NYSE:D - Free Report) by 140.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 216,451 shares of the utilities provider's stock after acquiring an additional 126,323 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Dominion Energy were worth $12,136,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of D. Sowell Financial Services LLC bought a new stake in shares of Dominion Energy in the first quarter worth $314,000. QRG Capital Management Inc. lifted its holdings in Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after buying an additional 1,087 shares during the period. Farther Finance Advisors LLC grew its position in shares of Dominion Energy by 114.8% in the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock valued at $680,000 after buying an additional 6,462 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Dominion Energy by 9.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 265,740 shares of the utilities provider's stock valued at $14,900,000 after buying an additional 21,991 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Dominion Energy by 2.6% during the fourth quarter. Franklin Resources Inc. now owns 8,944,086 shares of the utilities provider's stock worth $481,728,000 after acquiring an additional 225,339 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on D shares. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. UBS Group lifted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Morgan Stanley cut 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 report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of "Hold" and a consensus target price of $58.38.

Dominion Energy Stock Up 2.0%

D stock traded up $1.12 during trading on Tuesday, reaching $57.64. 5,917,243 shares of the stock were exchanged, compared to its average volume of 4,734,597. The firm's 50 day moving average is $55.25 and its 200 day moving average is $54.72. The firm has a market cap of $49.15 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 1.23 and a beta of 0.56. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a twelve month low of $48.03 and a twelve month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share 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 company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. Dominion Energy's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's payout ratio is presently 100.00%.

Dominion Energy 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.