Natixis lifted its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 1,923.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,624 shares of the utilities provider's stock after acquiring an additional 161,242 shares during the quarter. Natixis' holdings in Dominion Energy were worth $9,136,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in D. Howard Capital Management Group LLC acquired a new stake in shares of Dominion Energy in the third quarter valued at about $210,000. Barclays PLC grew its holdings in Dominion Energy by 19.8% in the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after buying an additional 404,868 shares during the last quarter. M&T Bank Corp increased its position in Dominion Energy by 1.5% in the 3rd quarter. M&T Bank Corp now owns 152,056 shares of the utilities provider's stock worth $8,787,000 after buying an additional 2,268 shares during the period. Passumpsic Savings Bank lifted its holdings in shares of Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock worth $441,000 after buying an additional 199 shares during the last quarter. Finally, Morse Asset Management Inc bought a new stake in shares of Dominion Energy in the third quarter valued at approximately $734,000. Institutional investors and hedge funds own 73.04% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Finally, Morgan Stanley upped their target price on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $57.00.
Read Our Latest Stock Analysis on D
Dominion Energy Price Performance
Shares of NYSE D traded down $0.41 during mid-day trading on Friday, hitting $52.94. 5,352,090 shares of the stock were exchanged, compared to its average volume of 5,122,890. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The stock's fifty day simple moving average is $54.37 and its two-hundred day simple moving average is $55.54. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market cap of $45.12 billion, a P/E ratio of 19.61, a PEG ratio of 1.22 and a beta of 0.57.
Dominion Energy (NYSE:D - Get Free Report) 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 return on equity of 8.99% and a net margin of 16.22%. As a group, analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.
About Dominion Energy
(
Free Report)
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.
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