Nordea Investment Management AB Grows Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Nordea Investment Management AB lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. BLB&B Advisors LLC raised its holdings in Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after purchasing an additional 173 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after buying an additional 195 shares in the last quarter. Passumpsic Savings Bank lifted its holdings in Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after buying an additional 199 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Dominion Energy by 3.5% during the 3rd 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 acquiring an additional 200 shares during the period. Finally, Busey Bank raised its position in shares of Dominion Energy by 3.4% in the 3rd quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 203 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Down 2.4 %

D stock opened at $53.29 on Friday. The stock has a market capitalization of $44.76 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.44 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The business has a fifty day moving average price of $55.82 and a 200-day moving average price of $55.53.

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

Dominion Energy Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.