Forsta AP Fonden Has $17.58 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Forsta AP Fonden lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 326,300 shares of the utilities provider’s stock after selling 11,800 shares during the quarter. Forsta AP Fonden’s holdings in Dominion Energy were worth $17,575,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of D. Marshall Wace LLP bought a new position in Dominion Energy during the 2nd quarter worth $1,651,000. AQR Capital Management LLC grew its holdings in shares of Dominion Energy by 201.9% during the 2nd quarter. AQR Capital Management LLC now owns 33,747 shares of the utilities provider’s stock worth $1,654,000 after purchasing an additional 22,567 shares in the last quarter. Creative Planning increased its position in shares of Dominion Energy by 1.1% in the second quarter. Creative Planning now owns 236,057 shares of the utilities provider’s stock worth $11,567,000 after purchasing an additional 2,606 shares during the period. NewEdge Advisors LLC raised its stake in Dominion Energy by 31.5% in the second quarter. NewEdge Advisors LLC now owns 54,207 shares of the utilities provider’s stock valued at $2,656,000 after purchasing an additional 12,999 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Dominion Energy during the second quarter worth about $36,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on D shares. Barclays raised their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Price Performance

Shares of D opened at $55.18 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market cap of $46.35 billion, a PE ratio of 19.36, a PEG ratio of 1.15 and a beta of 0.60. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The business has a 50-day simple moving average of $55.11 and a two-hundred day simple moving average of $56.03.

Dominion Energy (NYSE:D) last released 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. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. Analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.84%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.