Assenagon Asset Management S.A. Has $2.27 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Assenagon Asset Management S.A. decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 96.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 42,199 shares of the utilities provider’s stock after selling 1,169,740 shares during the period. Assenagon Asset Management S.A.’s holdings in Dominion Energy were worth $2,273,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its stake in shares of Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after acquiring an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after purchasing an additional 43,055 shares during the period. Ascent Wealth Partners LLC acquired a new stake in Dominion Energy in the 3rd quarter valued at $1,223,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after purchasing an additional 3,278,175 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after purchasing an additional 404,868 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D opened at $52.93 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company has a market cap of $44.46 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.20 and a beta of 0.60. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The firm has a 50-day moving average of $55.41 and a 200-day moving average of $55.90.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a $0.6675 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.04%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Ratings Changes

D has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank upped their price target 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 initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Finally, Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Company 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.