Dominion Energy, Inc. (NYSE:D) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,345,714 shares of the utilities provider’s stock after buying an additional 122,466 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $73,651,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in D. Cape Investment Advisory Inc. grew its stake in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after buying an additional 300 shares during the period. BankPlus Trust Department purchased a new stake in Dominion Energy during the 4th quarter worth $26,000. Roble Belko & Company Inc purchased a new stake in Dominion Energy during the 4th quarter worth $27,000. Fairway Wealth LLC acquired a new stake in Dominion Energy in the 4th quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of Dominion Energy by 100.4% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 260 shares in the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

D has been the subject of a number of recent research reports. Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. UBS Group lifted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Argus upgraded shares of Dominion Energy to a “hold” rating in a research note on Tuesday. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average price target of $57.58.

Dominion Energy Price Performance

Shares of D opened at $54.98 on Friday. Dominion Energy, Inc. has a 52 week low of $46.62 and a 52 week high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market cap of $46.85 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.22 and a beta of 0.59. The stock has a 50 day moving average of $55.17 and a 200-day moving average of $56.19.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. The ex-dividend date was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.