International Assets Investment Management LLC Has $1.01 Million Position in Dominion Energy, Inc. (NYSE:D)

Posted by on Apr 11th, 2023

International Assets Investment Management LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 276.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,492 shares of the utilities provider’s stock after purchasing an additional 12,114 shares during the period. International Assets Investment Management LLC’s holdings in Dominion Energy were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in D. Canada Pension Plan Investment Board raised its holdings in Dominion Energy by 486.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 10,364,622 shares of the utilities provider’s stock worth $716,299,000 after purchasing an additional 8,596,097 shares during the last quarter. BlackRock Inc. raised its stake in Dominion Energy by 5.5% during the third quarter. BlackRock Inc. now owns 58,954,665 shares of the utilities provider’s stock worth $4,074,356,000 after buying an additional 3,051,912 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Dominion Energy by 3.9% in the third quarter. Vanguard Group Inc. now owns 73,953,046 shares of the utilities provider’s stock valued at $5,110,895,000 after buying an additional 2,767,626 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Dominion Energy by 9.9% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 30,771,075 shares of the utilities provider’s stock valued at $2,126,590,000 after purchasing an additional 2,763,501 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Dominion Energy by 3.9% in the 3rd quarter. State Street Corp now owns 49,478,314 shares of the utilities provider’s stock valued at $3,419,446,000 after acquiring an additional 1,853,875 shares in the last quarter. 70.30% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 0.2 %

Shares of Dominion Energy stock opened at $57.96 on Tuesday. The stock has a fifty day moving average price of $56.90 and a 200-day moving average price of $61.09. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.73 and a quick ratio of 0.60. The firm has a market cap of $48.41 billion, a PE ratio of 53.17, a P/E/G ratio of 0.99 and a beta of 0.43. Dominion Energy, Inc. has a 1 year low of $52.03 and a 1 year high of $88.78.

Dominion Energy (NYSE:D – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The utilities provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.03. Dominion Energy had a return on equity of 13.35% and a net margin of 5.79%. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. Equities research analysts anticipate that Dominion Energy, Inc. will post 3.93 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 20th. Stockholders of record on Friday, March 3rd were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Thursday, March 2nd. Dominion Energy’s payout ratio is 244.95%.

Analyst Upgrades and Downgrades

D has been the topic of a number of research reports. Morgan Stanley dropped their price target on Dominion Energy from $63.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 21st. Wells Fargo & Company increased their target price on Dominion Energy from $64.00 to $66.00 and gave the stock an “equal weight” rating in a report on Monday, January 30th. UBS Group lowered their price objective on shares of Dominion Energy from $60.00 to $57.00 and set a “neutral” rating on the stock in a report on Tuesday, March 7th. BMO Capital Markets dropped their price objective on shares of Dominion Energy from $66.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, February 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Dominion Energy from $76.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $66.08.

Dominion Energy Profile

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Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.

See Also

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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