Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Dominion Energy Inc (NYSE:D) by 3.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 37,909 shares of the utilities provider’s stock after purchasing an additional 1,285 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dominion Energy were worth $2,906,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Nalls Sherbakoff Group LLC bought a new position in Dominion Energy in the 4th quarter worth $26,000. Interactive Financial Advisors bought a new position in Dominion Energy in the 1st quarter worth $26,000. Altshuler Shaham Ltd bought a new position in Dominion Energy in the 4th quarter worth $27,000. Massey Quick Simon & CO. LLC bought a new position in Dominion Energy in the 1st quarter worth $27,000. Finally, Mark Sheptoff Financial Planning LLC raised its holdings in Dominion Energy by 133.3% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 350 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 200 shares during the period. 63.82% of the stock is owned by institutional investors.
Several research analysts recently commented on D shares. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Monday, February 18th. Argus restated a “buy” rating on shares of Dominion Energy in a report on Wednesday, February 27th. Mizuho started coverage on shares of Dominion Energy in a report on Monday, March 11th. They set a “neutral” rating and a $76.00 price objective on the stock. Macquarie downgraded shares of Dominion Energy from an “outperform” rating to a “neutral” rating in a report on Monday, March 18th. They noted that the move was a valuation call. Finally, Wolfe Research set a $79.00 price objective on shares of Dominion Energy and gave the stock a “hold” rating in a report on Monday, March 18th. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $85.85.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.02). Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, research analysts expect that Dominion Energy Inc will post 4.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a $0.9175 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.67 dividend on an annualized basis and a yield of 4.81%. Dominion Energy’s payout ratio is currently 90.62%.
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Dominion Energy Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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