Mn Services Vermogensbeheer B.V. Acquires 4,800 Shares of Dominion Energy, Inc. (NYSE:D)

Mn Services Vermogensbeheer B.V. lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,600 shares of the utilities provider’s stock after buying an additional 4,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Dominion Energy were worth $8,414,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Family Firm Inc. bought a new stake in Dominion Energy in the second quarter worth $27,000. LRI Investments LLC purchased a new stake in shares of Dominion Energy in the first quarter valued at $32,000. Reston Wealth Management LLC bought a new stake in shares of Dominion Energy in the 3rd quarter worth about $36,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy during the 2nd quarter worth about $33,000. Finally, Opal Wealth Advisors LLC bought a new position in Dominion Energy during the 2nd quarter valued at about $35,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on D. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Scotiabank increased their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $55.40.

Dominion Energy Trading Up 1.7 %

NYSE D opened at $58.59 on Wednesday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.74. The company has a market capitalization of $49.22 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59. The company’s 50-day simple moving average is $57.94 and its two-hundred day simple moving average is $54.27.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. Equities analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

About Dominion Energy

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.