Dominion Energy, Inc. (NYSE:D) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 31.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,524 shares of the utilities provider’s stock after acquiring an additional 12,342 shares during the quarter. NEOS Investment Management LLC’s holdings in Dominion Energy were worth $2,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of D. UniSuper Management Pty Ltd grew its stake in Dominion Energy by 32.1% during the 4th quarter. UniSuper Management Pty Ltd now owns 69,151 shares of the utilities provider’s stock valued at $3,724,000 after purchasing an additional 16,784 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its holdings in shares of Dominion Energy by 5.3% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 90,990 shares of the utilities provider’s stock worth $4,901,000 after purchasing an additional 4,616 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Dominion Energy by 10.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,345,714 shares of the utilities provider’s stock worth $73,651,000 after buying an additional 122,466 shares during the period. Hardin Capital Partners LLC raised its position in Dominion Energy by 2.8% during the 4th quarter. Hardin Capital Partners LLC now owns 8,684 shares of the utilities provider’s stock worth $468,000 after buying an additional 240 shares during the last quarter. Finally, Arlington Capital Management Inc. lifted its stake in Dominion Energy by 7.1% during the 4th quarter. Arlington Capital Management Inc. now owns 17,951 shares of the utilities provider’s stock valued at $967,000 after acquiring an additional 1,191 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

D opened at $54.98 on Friday. The company has a market cap of $46.85 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.22 and a beta of 0.59. The firm’s fifty day simple moving average is $55.17 and its two-hundred day simple moving average is $56.19. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 52-week low of $46.62 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) 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%. Equities analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.86%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on D shares. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley increased their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Argus raised Dominion Energy to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Finally, UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $57.58.

Dominion Energy Company 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.