Tredje AP fonden Acquires Shares of 151,121 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 bought a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 151,121 shares of the utilities provider's stock, valued at approximately $8,473,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after acquiring an additional 378 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. VSM Wealth Advisory LLC bought a new position in shares of Dominion Energy during the 1st quarter worth about $28,000. Park Square Financial Group LLC bought a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. Finally, Navigoe LLC bought a new position in shares of Dominion Energy during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Up 3.3%

Shares of NYSE:D traded up $1.93 during midday trading on Friday, reaching $60.38. 7,651,932 shares of the company were exchanged, compared to its average volume of 3,969,101. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97. 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 stock has a fifty day simple moving average of $56.69 and a two-hundred day simple moving average of $55.37. The firm has a market cap of $51.49 billion, a PE ratio of 22.61, a P/E/G ratio of 1.27 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last announced 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). Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the business earned $0.65 EPS. The business's revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. Dominion Energy's payout ratio is presently 100.00%.

Analysts Set New Price Targets

Several research firms recently issued reports on D. Morgan Stanley dropped their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $58.88.

About Dominion Energy

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.