Nordea Investment Management AB Boosts Stake in Dominion Energy, Inc. (NYSE:D)

Nordea Investment Management AB boosted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,831 shares of the utilities provider’s stock after purchasing an additional 4,609 shares during the period. Nordea Investment Management AB’s holdings in Dominion Energy were worth $3,596,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BLB&B Advisors LLC lifted its position in shares of Dominion Energy by 2.5% during the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock valued at $417,000 after buying an additional 173 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 195 shares during the period. Passumpsic Savings Bank lifted its holdings in Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 199 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Dominion Energy by 3.5% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 200 shares in the last quarter. Finally, Busey Bank increased its stake in shares of Dominion Energy by 3.4% in the third quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock worth $354,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on D. Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group initiated coverage on Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 target price on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Morgan Stanley initiated coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

Dominion Energy stock opened at $53.29 on Friday. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm’s fifty day moving average is $55.82 and its 200 day moving average is $55.53. The company has a market cap of $44.76 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.44 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 EPS. Sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Dominion Energy 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.