Dominion Energy, Inc. (NYSE:D) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in Dominion Energy, Inc. (NYSE:D) by 40.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,436 shares of the utilities provider’s stock after purchasing an additional 21,916 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dominion Energy were worth $4,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in D. Family Firm Inc. acquired a new position in shares of Dominion Energy during the second quarter valued at approximately $27,000. LRI Investments LLC acquired a new stake in Dominion Energy in the 1st quarter valued at about $32,000. Triad Wealth Partners LLC bought a new position in shares of Dominion Energy during the 2nd quarter valued at about $33,000. Opal Wealth Advisors LLC acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $35,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Dominion Energy stock opened at $58.62 on Wednesday. The firm’s 50 day simple moving average is $57.72 and its 200-day simple moving average is $53.91. The company has a market cap of $49.10 billion, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 1.59 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy, Inc. has a fifty-two week low of $39.44 and a fifty-two week high of $61.26.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. As a group, equities research analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on D. Scotiabank lifted their price objective 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. lifted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.40.

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.