Dominion Energy Inc. (NYSE:D) Stake Held by Dai Ichi Life Insurance Company Ltd
Dai Ichi Life Insurance Company Ltd held its position in shares of Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,242 shares of the utilities provider’s stock at the end of the first quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Dominion Energy were worth $872,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. RMB Capital Management LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $2,868,000. Aldebaran Financial Inc. increased its stake in shares of Dominion Energy by 10.9% in the fourth quarter. Aldebaran Financial Inc. now owns 14,469 shares of the utilities provider’s stock valued at $1,108,000 after buying an additional 1,420 shares in the last quarter. Dodge & Cox acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $361,000. Norges Bank acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $329,937,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $3,202,000. 66.12% of the stock is owned by institutional investors and hedge funds.
Shares of Dominion Energy Inc. (D) traded up 0.05% during trading on Tuesday, reaching $77.96. The company’s stock had a trading volume of 1,266,812 shares. Dominion Energy Inc. has a 52-week low of $69.51 and a 52-week high of $81.65. The company has a market cap of $48.97 billion, a PE ratio of 22.56 and a beta of 0.28. The firm’s 50-day moving average is $77.52 and its 200 day moving average is $77.14.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company earned $0.71 EPS. Dominion Energy’s revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts predict that Dominion Energy Inc. will post $3.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Wednesday, August 30th. Dominion Energy’s payout ratio is 87.28%.
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D has been the subject of several research analyst reports. Deutsche Bank AG increased their price objective on Dominion Energy from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Barclays PLC reaffirmed an “overweight” rating and set a $89.00 price target (up from $80.00) on shares of Dominion Energy in a research note on Sunday, April 23rd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Citigroup Inc. cut their price target on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $80.57.
Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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