Dominion Energy, Inc. (NYSE:D) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. grew its position in Dominion Energy, Inc. (NYSE:D) by 124.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 783,828 shares of the utilities provider’s stock after purchasing an additional 434,008 shares during the period. APG Asset Management N.V. owned approximately 0.09% of Dominion Energy worth $40,770,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of D. Simon Quick Advisors LLC increased its holdings in Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 184 shares in the last quarter. Choate Investment Advisors boosted its stake in Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 198 shares during the last quarter. Passumpsic Savings Bank boosted its position in Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 199 shares during the last quarter. Meridian Financial Partners LLC grew its position in shares of Dominion Energy by 1.6% in the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after purchasing an additional 219 shares in the last quarter. Finally, Register Financial Advisors LLC grew its holdings in Dominion Energy by 5.8% in the 4th quarter. Register Financial Advisors LLC now owns 4,316 shares of the utilities provider’s stock valued at $232,000 after buying an additional 237 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on D shares. Morgan Stanley raised their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. UBS Group boosted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, Argus raised shares of Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $57.00.

Dominion Energy Price Performance

Shares of NYSE:D opened at $49.65 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock has a market cap of $42.31 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a one year low of $46.62 and a one year high of $61.97. The business’s fifty day moving average price is $54.98 and its two-hundred day moving average price is $55.94.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping 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%. On average, analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.38%. Dominion Energy’s payout ratio is 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.