Tredje AP fonden Makes New $8.47 Million Investment in Dominion Energy Inc. (NYSE:D)

Key Points

• Tredje AP fonden has acquired 151,121 shares of Dominion Energy Inc., valued at approximately $8.47 million, during the first quarter.
• Dominion Energy recently reported $0.93 earnings per share for the quarter, surpassing the consensus estimate of $0.82, and had revenue of $4.08 billion, a 12.2% increase year-over-year.
• The company announced a quarterly dividend of $0.6675 per share, which reflects an annualized yield of 4.58% and a payout ratio of 100%.

Tredje AP fonden purchased a new stake in Dominion Energy Inc. (NYSE:D - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 151,121 shares of the utilities provider's stock, valued at approximately $8,473,000.

Several other institutional investors and hedge funds also recently made changes to their positions in D. Marshall Wace LLP boosted its position in shares of Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock valued at $119,048,000 after purchasing an additional 2,184,873 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after purchasing an additional 1,459,926 shares in the last quarter. Zimmer Partners LP bought a new stake in shares of Dominion Energy during the 4th quarter valued at about $72,269,000. Northern Trust Corp boosted its position in shares of Dominion Energy by 16.7% during the 4th quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock valued at $501,759,000 after purchasing an additional 1,330,459 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Dominion Energy by 6,252.7% during the 1st quarter. GAMMA Investing LLC now owns 1,276,770 shares of the utilities provider's stock valued at $71,588,000 after purchasing an additional 1,256,672 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Up 1.5%

Shares of D stock traded up $0.91 during trading hours on Monday, reaching $61.32. The company had a trading volume of 2,849,142 shares, compared to its average volume of 5,333,169. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The business has a fifty day simple moving average of $56.69 and a 200-day simple moving average of $55.39. The company has a market cap of $52.29 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.31 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.81%. The business's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 earnings per share. On average, research analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday, July 15th. Morgan Stanley cut their price target on 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Dominion Energy 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.