Generali Asset Management SPA SGR Buys Shares of 67,452 Dominion Energy, Inc. (NYSE:D)

Generali Asset Management SPA SGR purchased a new position in shares of Dominion Energy, Inc. (NYSE:D) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 67,452 shares of the utilities provider’s stock, valued at approximately $3,633,000.

Several other institutional investors have also modified their holdings of the business. Cape Investment Advisory Inc. raised its holdings in Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after buying an additional 300 shares during the period. BankPlus Trust Department bought a new stake in shares of Dominion Energy during the fourth quarter worth $26,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Fairway Wealth LLC acquired a new stake in shares of Dominion Energy during the fourth quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 260 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on D shares. Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley assumed 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $57.18.

Dominion Energy Price Performance

NYSE:D opened at $54.77 on Wednesday. The stock has a market capitalization of $46.66 billion, a PE ratio of 20.28, a P/E/G ratio of 1.22 and a beta of 0.58. Dominion Energy, Inc. has a 1-year low of $46.56 and a 1-year high of $61.97. The firm has a fifty day simple moving average of $55.15 and a 200 day simple moving average of $56.33. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.