Nilsine Partners LLC Invests $722,000 in Dominion Energy, Inc. (NYSE:D)

Nilsine Partners LLC purchased a new stake in Dominion Energy, Inc. (NYSE:D) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,405 shares of the utilities provider’s stock, valued at approximately $722,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in D. Oppenheimer & Co. Inc. boosted its holdings in Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after acquiring an additional 12,890 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Dominion Energy by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after purchasing an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC acquired a new stake in shares of Dominion Energy during the 3rd quarter worth approximately $1,223,000. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Dominion Energy by 63.5% during the third 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. Finally, Barclays PLC grew its holdings in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after acquiring an additional 404,868 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on D. Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Scotiabank upped their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Trading Down 0.7 %

NYSE D opened at $55.34 on Wednesday. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. 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 stock’s 50 day moving average price is $55.16 and its two-hundred day moving average price is $56.01. The stock has a market capitalization of $46.48 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.15 and a beta of 0.60.

Dominion Energy (NYSE:D) last released its earnings results 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. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.82%. 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.