Sumitomo Mitsui DS Asset Management Company Ltd Boosts Stake in Dominion Energy, Inc. (NYSE:D)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 5.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 124,440 shares of the utilities provider’s stock after buying an additional 5,952 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Dominion Energy were worth $6,098,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Family Firm Inc. purchased a new stake in shares of Dominion Energy in the second quarter worth $27,000. Rise Advisors LLC purchased a new position in shares of Dominion Energy in the first quarter valued at about $30,000. LRI Investments LLC bought a new position in shares of Dominion Energy in the first quarter worth about $30,000. Triad Wealth Partners LLC purchased a new stake in shares of Dominion Energy during the second quarter worth about $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in Dominion Energy during the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the subject of several recent analyst reports. Mizuho upped their price target on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Evercore ISI lifted their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. boosted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, BMO Capital Markets upped their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.00.

Dominion Energy Stock Performance

NYSE:D opened at $55.90 on Friday. The stock’s fifty day moving average is $52.71 and its 200 day moving average is $50.71. The firm has a market capitalization of $46.82 billion, a PE ratio of 28.81, a PEG ratio of 1.51 and a beta of 0.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.60.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a $0.6675 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.78%. Dominion Energy’s payout ratio is 137.63%.

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.