Meiji Yasuda Asset Management Co Ltd. Has $656,000 Holdings in Dominion Energy, Inc. (NYSE:D)

Meiji Yasuda Asset Management Co Ltd. decreased its position in Dominion Energy, Inc. (NYSE:D) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,381 shares of the utilities provider’s stock after selling 297 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dominion Energy were worth $656,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Dominion Energy by 16.0% during the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after buying an additional 12,178,713 shares during the period. Capital Research Global Investors grew its holdings in Dominion Energy by 136.5% in the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after purchasing an additional 10,370,768 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Dominion Energy by 12.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after purchasing an additional 2,801,687 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Dominion Energy by 13.2% during the fourth quarter. Wellington Management Group LLP now owns 18,493,273 shares of the utilities provider’s stock valued at $869,184,000 after purchasing an additional 2,153,488 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Dominion Energy during the 2nd quarter worth about $67,854,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.8 %

NYSE D opened at $57.93 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The business has a fifty day simple moving average of $55.23 and a 200 day simple moving average of $51.95. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.94. The firm has a market capitalization of $48.60 billion, a P/E ratio of 29.86, a PEG ratio of 1.57 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a $0.6675 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.61%. Dominion Energy’s payout ratio is presently 137.63%.

Analyst Upgrades and Downgrades

D has been the subject of a number of research analyst reports. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday. They issued a “hold” rating and a $58.00 target price for the company. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Scotiabank lifted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $54.50.

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.