APG Asset Management N.V. Buys 155,285 Shares of Dominion Energy, Inc. (NYSE:D)

APG Asset Management N.V. raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 16.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,095,338 shares of the utilities provider’s stock after acquiring an additional 155,285 shares during the period. APG Asset Management N.V.’s holdings in Dominion Energy were worth $50,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Caprock Group LLC increased its stake in Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after purchasing an additional 5,525 shares during the period. SG Americas Securities LLC increased its stake in Dominion Energy by 105.0% in the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after buying an additional 49,740 shares during the period. Wedmont Private Capital lifted its holdings in Dominion Energy by 14.1% during the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock valued at $239,000 after buying an additional 596 shares in the last quarter. Vinva Investment Management Ltd boosted its position in Dominion Energy by 27.0% in the 4th quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock valued at $321,000 after buying an additional 1,451 shares during the period. Finally, Intech Investment Management LLC bought a new position in Dominion Energy in the 1st quarter worth about $708,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D stock opened at $57.13 on Friday. The stock’s 50-day moving average is $55.58 and its 200 day moving average is $52.19. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $58.94. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The company has a market cap of $47.85 billion, a P/E ratio of 29.45, a PEG ratio of 1.53 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the business earned $0.53 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. Research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given 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 4.67%. Dominion Energy’s payout ratio is 137.63%.

Analysts Set New Price Targets

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

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.