Natixis Advisors L.P. increased its holdings in Dominion Energy Inc (NYSE:D) by 19.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,768 shares of the utilities provider’s stock after buying an additional 11,852 shares during the period. Natixis Advisors L.P.’s holdings in Dominion Energy were worth $5,626,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in D. BlackRock Inc. grew its stake in Dominion Energy by 17.3% during the first quarter. BlackRock Inc. now owns 55,385,657 shares of the utilities provider’s stock valued at $4,245,862,000 after acquiring an additional 8,176,020 shares in the last quarter. FMR LLC boosted its holdings in Dominion Energy by 77.6% in the 1st quarter. FMR LLC now owns 9,010,766 shares of the utilities provider’s stock valued at $690,765,000 after purchasing an additional 3,935,958 shares during the period. Geode Capital Management LLC grew its position in shares of Dominion Energy by 23.1% during the 4th quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after purchasing an additional 1,697,619 shares in the last quarter. Northern Trust Corp grew its position in shares of Dominion Energy by 15.0% during the 1st quarter. Northern Trust Corp now owns 9,653,170 shares of the utilities provider’s stock valued at $740,011,000 after purchasing an additional 1,260,549 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Dominion Energy by 125.4% in the first quarter. Jennison Associates LLC now owns 1,857,965 shares of the utilities provider’s stock worth $142,432,000 after purchasing an additional 1,033,748 shares during the period. Institutional investors and hedge funds own 65.23% of the company’s stock.
Several equities research analysts recently issued reports on the company. Wells Fargo & Co set a $83.00 price objective on Dominion Energy and gave the company a “hold” rating in a research note on Friday, August 30th. Morgan Stanley set a $84.00 target price on Dominion Energy and gave the stock a “hold” rating in a research note on Friday, August 16th. Zacks Investment Research cut Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price target on the stock. in a report on Thursday, July 4th. ValuEngine downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Finally, KeyCorp assumed coverage on Dominion Energy in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $79.58.
Shares of D stock traded up $1.09 during trading hours on Wednesday, reaching $78.10. The company’s stock had a trading volume of 86,609 shares, compared to its average volume of 3,397,213. The stock has a market capitalization of $61.60 billion, a P/E ratio of 19.31, a P/E/G ratio of 3.84 and a beta of 0.22. Dominion Energy Inc has a one year low of $67.41 and a one year high of $79.47. The firm’s fifty day simple moving average is $76.20 and its 200 day simple moving average is $76.29. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.38.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The business’s revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 earnings per share. As a group, equities research analysts forecast that Dominion Energy Inc will post 4.13 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a $0.9175 dividend. This represents a $3.67 annualized dividend and a yield of 4.70%. The ex-dividend date is Thursday, September 5th. Dominion Energy’s dividend payout ratio (DPR) is currently 90.62%.
Dominion Energy Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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