Forsta AP Fonden Has $10.23 Million Stake in Dominion Energy, Inc. (NYSE:D)

Forsta AP Fonden increased its holdings in Dominion Energy, Inc. (NYSE:D) by 20.9% in the first quarter, Holdings Channel reports. The institutional investor owned 207,900 shares of the utilities provider’s stock after buying an additional 35,900 shares during the period. Forsta AP Fonden’s holdings in Dominion Energy were worth $10,227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in D. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Dominion Energy during the fourth quarter valued at approximately $30,000. Rise Advisors LLC acquired a new position in Dominion Energy during the first quarter valued at approximately $30,000. Venturi Wealth Management LLC raised its position in Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. Finally, Janiczek Wealth Management LLC raised its position in Dominion Energy by 20,100.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 804 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $51.61 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74. The stock has a market cap of $43.23 billion, a price-to-earnings ratio of 26.79, a P/E/G ratio of 1.39 and a beta of 0.59. The company’s fifty day moving average is $51.36 and its 200 day moving average is $48.88.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Dominion Energy’s revenue for the quarter was down 6.5% on a year-over-year basis. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Friday, May 31st were given a dividend of $0.6675 per share. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a yield of 5.17%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 10th. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $43.00 to $54.00 in a research report on Friday, May 10th. Mizuho boosted their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Scotiabank decreased their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Finally, BMO Capital Markets decreased their target price on shares of Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Ten investment 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, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $51.64.

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.