Meiji Yasuda Asset Management Co Ltd. Has $656,000 Stake in Dominion Energy, Inc. (NYSE:D)

Meiji Yasuda Asset Management Co Ltd. cut its stake in Dominion Energy, Inc. (NYSE:D) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,381 shares of the utilities provider’s stock after selling 297 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dominion Energy were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $266,000. Clearbridge Investments LLC acquired a new stake in Dominion Energy in the 4th quarter valued at $217,000. Corient Private Wealth LLC lifted its position in Dominion Energy by 12.5% during the 4th quarter. Corient Private Wealth LLC now owns 298,788 shares of the utilities provider’s stock worth $14,043,000 after buying an additional 33,174 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Dominion Energy by 16.6% during the 4th quarter. Assetmark Inc. now owns 25,296 shares of the utilities provider’s stock worth $1,189,000 after buying an additional 3,603 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Dominion Energy by 48.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,970 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 975 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on D shares. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday. They set a “hold” rating and a $58.00 target price on the stock. Scotiabank increased their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, BMO Capital Markets increased 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. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $54.50.

Dominion Energy Price Performance

D stock opened at $57.93 on Friday. The company’s 50-day moving average price is $55.23 and its two-hundred day moving average price is $51.95. The firm has a market cap of $48.60 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.57 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.94.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.61%. The ex-dividend date was Friday, August 30th. Dominion Energy’s payout ratio is presently 137.63%.

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.