Elo Mutual Pension Insurance Co Has $4.90 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Elo Mutual Pension Insurance Co grew its position in Dominion Energy, Inc. (NYSE:D) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 90,990 shares of the utilities provider’s stock after purchasing an additional 4,616 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Dominion Energy were worth $4,901,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC raised its position in Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after buying an additional 3,278,175 shares during the period. American Century Companies Inc. grew its stake in Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after acquiring an additional 2,540,713 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Dominion Energy by 10,324.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after purchasing an additional 2,229,220 shares during the period. State Street Corp lifted its position in shares of Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Dominion Energy during the fourth quarter worth approximately $71,409,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 1.1 %

Shares of D stock opened at $54.45 on Friday. Dominion Energy, Inc. has a 12 month low of $46.62 and a 12 month high of $61.97. The company has a market cap of $46.39 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. 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 business’s 50 day moving average is $55.18 and its two-hundred day moving average is $56.21.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.90%. Dominion Energy’s payout ratio is 98.89%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on D shares. Argus upgraded shares of Dominion Energy to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley raised their price target on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Thirteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $57.58.

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.