Daiwa Securities Group Inc. Acquires 11,093 Shares of Dominion Energy, Inc. (NYSE:D)

Daiwa Securities Group Inc. increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 12.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,366 shares of the utilities provider’s stock after acquiring an additional 11,093 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Dominion Energy were worth $5,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Family Firm Inc. bought a new stake in shares of Dominion Energy during the 2nd quarter worth $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy during the third quarter valued at about $28,000. LRI Investments LLC purchased a new stake in Dominion Energy during the first quarter worth about $30,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the third quarter worth about $32,000. Finally, Triad Wealth Partners LLC purchased a new position in Dominion Energy in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $59.13 on Wednesday. The company has a 50 day moving average of $58.09 and a 200 day moving average of $54.92. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market cap of $49.67 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.55 and a beta of 0.59. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the business earned $0.77 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.52%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Ratings Changes

D has been the subject of several research analyst reports. Scotiabank raised their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group began coverage on shares of Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $55.91.

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.