E. Ohman J or Asset Management AB Invests $1.97 Million in Dominion Energy, Inc. (NYSE:D)

E. Ohman J or Asset Management AB acquired a new position in Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,100 shares of the utilities provider’s stock, valued at approximately $1,971,000.

A number of other large investors also recently modified their holdings of the company. Caprock Group LLC grew its position in Dominion Energy by 133.0% during the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after purchasing an additional 5,525 shares during the last quarter. SG Americas Securities LLC grew its position in Dominion Energy by 105.0% during the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock worth $4,777,000 after purchasing an additional 49,740 shares during the last quarter. Intech Investment Management LLC purchased a new position in Dominion Energy during the 1st quarter worth $708,000. QRG Capital Management Inc. purchased a new position in Dominion Energy during the 1st quarter worth $272,000. Finally, BKM Wealth Management LLC lifted its stake in shares of Dominion Energy by 74.4% in the 1st quarter. BKM Wealth Management LLC now owns 2,007 shares of the utilities provider’s stock worth $99,000 after acquiring an additional 856 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

D has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets raised their price objective 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. Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Finally, Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Price Performance

Dominion Energy stock opened at $59.58 on Friday. Dominion Energy, Inc. has a 1 year low of $39.44 and a 1 year high of $61.26. The firm has a 50 day moving average price of $57.52 and a 200 day moving average price of $53.62. The company has a market cap of $49.90 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 1.60 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93.

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

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.48%. Dominion Energy’s payout ratio is currently 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.