Dominion Energy, Inc. (NYSE:D) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co grew its position in shares of Dominion Energy, Inc. (NYSE:D) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,990 shares of the utilities provider’s stock after buying an additional 4,616 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Dominion Energy were worth $4,901,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cape Investment Advisory Inc. lifted its holdings in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares during the last quarter. BankPlus Trust Department acquired a new stake in shares of Dominion Energy during the 4th quarter worth approximately $26,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy in the 4th quarter worth approximately $27,000. Fairway Wealth LLC acquired a new position in Dominion Energy during the 4th quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on D shares. JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Morgan Stanley increased their price objective 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. Scotiabank boosted their target price on shares of 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 raised their price target 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. Finally, Argus raised Dominion Energy to a “hold” rating in a report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $57.58.

Dominion Energy Price Performance

Shares of NYSE:D opened at $54.45 on Friday. The stock’s 50 day moving average price is $55.18 and its 200 day moving average price is $56.21. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market cap of $46.39 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 12 month low of $46.62 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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 return on equity of 8.99% and a net margin of 16.22%. Equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.90%. Dominion Energy’s payout ratio is currently 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.