Tokio Marine Asset Management Co. Ltd. Acquires 1,538 Shares of Dominion Energy, Inc. (NYSE:D)

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,077 shares of the utilities provider’s stock after purchasing an additional 1,538 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Dominion Energy were worth $1,320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in D. Diamond Hill Capital Management Inc. boosted its holdings in Dominion Energy by 5.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock worth $178,176,000 after purchasing an additional 199,629 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Dominion Energy by 196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock worth $18,451,000 after purchasing an additional 259,978 shares during the last quarter. Morgan Stanley boosted its holdings in Dominion Energy by 12.8% in the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after purchasing an additional 803,341 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Dominion Energy by 1,797.9% during the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after acquiring an additional 157,175 shares during the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Dominion Energy by 97.3% during the 4th quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock worth $674,000 after acquiring an additional 7,071 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE D traded down $0.15 during mid-day trading on Friday, reaching $50.82. 212,728 shares of the stock were exchanged, compared to its average volume of 5,286,911. The business’s 50 day moving average is $48.08 and its 200-day moving average is $46.31. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $57.90. The company has a market capitalization of $42.57 billion, a P/E ratio of 21.88, a P/E/G ratio of 3.45 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 earnings per share. On average, equities research analysts forecast that Dominion Energy, Inc. will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were purchased at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays decreased their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Guggenheim dropped their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target for the company. in a research note on Monday, March 11th. Mizuho lowered their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, March 6th. Finally, StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $49.10.

Dominion Energy Profile

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.