Van ECK Associates Corp Has $13.67 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Van ECK Associates Corp increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 9.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 253,880 shares of the utilities provider’s stock after acquiring an additional 21,737 shares during the period. Van ECK Associates Corp’s holdings in Dominion Energy were worth $13,674,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC boosted its stake 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 buying an additional 3,278,175 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after purchasing an additional 2,229,220 shares during the last quarter. International Assets Investment Management LLC grew its stake in Dominion Energy by 7,438.3% in the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock valued at $85,734,000 after purchasing an additional 1,463,858 shares in the last quarter. State Street Corp increased its position in shares of Dominion Energy by 3.2% during the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 worth $1,653,964,000 after purchasing an additional 1,222,688 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Price Performance

NYSE:D opened at $55.58 on Friday. The firm’s 50-day simple moving average is $54.42 and its 200 day simple moving average is $56.29. Dominion Energy, Inc. has a 52 week low of $44.17 and a 52 week high of $61.97. The firm has a market cap of $46.68 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.80%. Dominion Energy’s dividend payout ratio is 93.68%.

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.