Natixis Advisors LLC Increases Position in Dominion Energy, Inc. (NYSE:D)

Natixis Advisors LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 36.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,009,287 shares of the utilities provider's stock after acquiring an additional 271,622 shares during the quarter. Natixis Advisors LLC owned approximately 0.12% of Dominion Energy worth $58,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Dominion Energy during the third quarter worth about $204,000. Coastline Trust Co purchased a new stake in Dominion Energy in the 3rd quarter worth approximately $74,000. Empowered Funds LLC increased its stake in shares of Dominion Energy by 10.1% during the third quarter. Empowered Funds LLC now owns 14,460 shares of the utilities provider's stock valued at $836,000 after buying an additional 1,323 shares during the period. Birchcreek Wealth Management LLC boosted its holdings in Dominion Energy by 50.5% in the third quarter. Birchcreek Wealth Management LLC now owns 8,051 shares of the utilities provider's stock valued at $465,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Empirical Finance LLC increased its position in Dominion Energy by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 28,787 shares of the utilities provider's stock valued at $1,664,000 after purchasing an additional 649 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on D. Scotiabank raised their target price on Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. BMO Capital Markets upped their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a research report on Monday, August 5th. The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a report on Monday, August 12th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and a consensus target price of $55.91.

Dominion Energy Price Performance

D stock traded up $1.44 during trading on Friday, hitting $57.63. 5,808,408 shares of the company's stock traded hands, compared to its average volume of 4,670,383. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The stock has a market capitalization of $48.41 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.53 and a beta of 0.59. The business has a fifty day simple moving average of $58.03 and a 200 day simple moving average of $54.60. 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 - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 earnings per share. As a group, research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.63%. Dominion Energy's dividend payout ratio is currently 93.68%.

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.