Allianz SE Makes New Investment in Dominion Energy, Inc. (NYSE:D)

Allianz SE acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,120 shares of the utilities provider’s stock, valued at approximately $437,000.

A number of other large investors have also made changes to their positions in D. Howard Capital Management Group LLC acquired a new position in shares of Dominion Energy in the third quarter valued at approximately $210,000. Larson Financial Group LLC raised its holdings in Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the last quarter. FMR LLC lifted its stake in shares of Dominion Energy by 20.5% during the 3rd quarter. FMR LLC now owns 3,800,024 shares of the utilities provider’s stock worth $219,603,000 after purchasing an additional 647,725 shares during the period. Townsquare Capital LLC increased its stake in Dominion Energy by 22.7% in the third quarter. Townsquare Capital LLC now owns 15,683 shares of the utilities provider’s stock valued at $906,000 after purchasing an additional 2,899 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Dominion Energy by 2.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 276,338 shares of the utilities provider’s stock worth $15,970,000 after buying an additional 5,461 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Dominion Energy stock opened at $54.98 on Monday. Dominion Energy, Inc. has a 12-month low of $46.62 and a 12-month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market capitalization of $46.85 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The firm’s fifty day moving average price is $55.17 and its 200 day moving average price is $56.18.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.86%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Argus raised shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Thirteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $57.58.

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.