E. Ohman J or Asset Management AB Increases Stake in Dominion Energy, Inc. (NYSE:D)

E. Ohman J or Asset Management AB raised its stake in Dominion Energy, Inc. (NYSE:D) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,800 shares of the utilities provider’s stock after acquiring an additional 2,700 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Dominion Energy were worth $1,982,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in D. State Street Corp grew its holdings in Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock valued at $2,559,972,000 after purchasing an additional 1,365,555 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after buying an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC grew its stake in Dominion Energy by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock valued at $1,032,941,000 after acquiring an additional 367,193 shares during the period. Franklin Resources Inc. increased its holdings in Dominion Energy by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock worth $496,358,000 after acquiring an additional 398,012 shares in the last quarter. Finally, 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 worth $487,567,000 after acquiring an additional 3,278,175 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 4.1 %

NYSE D opened at $54.00 on Wednesday. The business’s fifty day simple moving average is $54.91 and its 200-day simple moving average is $56.15. 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 firm has a market cap of $45.36 billion, a PE ratio of 18.95, a P/E/G ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.94%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Analysts Set New Price Targets

D has been the subject of a number of research reports. Barclays boosted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, 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 for the company. Eleven 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, the stock presently has a consensus rating of “Hold” and an average price target of $56.58.

About Dominion Energy

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.