Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in Dominion Energy Inc. $D

Mirae Asset Global Investments Co. Ltd. lifted its stake in Dominion Energy Inc. (NYSE:D) by 11.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,492 shares of the utilities provider’s stock after purchasing an additional 14,252 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Dominion Energy were worth $8,349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreFirst Bank & Trust purchased a new stake in shares of Dominion Energy during the second quarter worth approximately $25,000. Westside Investment Management Inc. increased its position in shares of Dominion Energy by 123.3% in the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares during the last quarter. Hanson & Doremus Investment Management acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at $31,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Dominion Energy during the 2nd quarter worth $32,000. Finally, Capital A Wealth Management LLC grew its stake in shares of Dominion Energy by 5,038.5% during the second quarter. Capital A Wealth Management LLC now owns 668 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 655 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on D. Morgan Stanley lifted their price target on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. TD Cowen started coverage on Dominion Energy in a research note on Friday, January 9th. They set a “hold” rating and a $65.00 target price for the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. Wells Fargo & Company reduced their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Finally, BTIG Research started coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $64.33.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $60.11 on Friday. The firm’s fifty day simple moving average is $59.65 and its 200-day simple moving average is $60.02. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.87. The stock has a market capitalization of $51.33 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.65 and a beta of 0.72. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period last year, the firm posted $0.98 EPS. Dominion Energy’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities 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 declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.