AustralianSuper Pty Ltd Has $31.75 Million Stake in Dominion Energy Inc. $D

AustralianSuper Pty Ltd raised its stake in Dominion Energy Inc. (NYSE:D) by 1,785.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 519,100 shares of the utilities provider’s stock after acquiring an additional 491,574 shares during the period. AustralianSuper Pty Ltd owned about 0.06% of Dominion Energy worth $31,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Vanguard Group Inc. increased its position in shares of Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after purchasing an additional 14,715,895 shares in the last quarter. Norges Bank bought a new stake in Dominion Energy during the second quarter worth about $566,924,000. Mizuho Markets Americas LLC increased its holdings in shares of Dominion Energy by 139.3% during the third quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock worth $53,065,000 after buying an additional 3,073,835 shares in the last quarter. State Street Corp raised its stake in shares of Dominion Energy by 2.9% in the second quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock valued at $2,619,216,000 after acquiring an additional 1,313,621 shares during the last quarter. Finally, London Co. of Virginia boosted its holdings in shares of Dominion Energy by 30.9% in the 2nd quarter. London Co. of Virginia now owns 4,965,699 shares of the utilities provider’s stock worth $280,662,000 after acquiring an additional 1,172,445 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research report on Thursday, December 11th. Barclays lowered their target price on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Evercore ISI initiated coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday, December 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $64.33.

Dominion Energy Stock Up 0.2%

Shares of Dominion Energy stock opened at $60.82 on Friday. The business has a fifty day simple moving average of $59.68 and a 200 day simple moving average of $59.98. The stock has a market cap of $51.94 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.64 and a beta of 0.72. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.87.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. Research analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

Dominion Energy 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.