Fjarde AP Fonden Fourth Swedish National Pension Fund Buys Shares of 154,900 Dominion Energy, Inc. (NYSE:D)

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 154,900 shares of the utilities provider’s stock, valued at approximately $8,343,000.

Other hedge funds have also recently made changes to their positions in the company. Roble Belko & Company Inc acquired a new stake in Dominion Energy in the fourth quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at $32,000. Dunhill Financial LLC boosted its position in shares of Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

D opened at $56.85 on Tuesday. The firm has a market capitalization of $47.75 billion, a PE ratio of 21.05, a P/E/G ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a 12-month low of $44.17 and a 12-month high of $61.97. The firm has a 50 day moving average of $54.64 and a two-hundred day moving average of $56.39. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. On average, analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current 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 issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is presently 98.89%.

Analysts Set New Price Targets

A number of research firms have commented on D. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank increased 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. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.58.

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.