Natixis Advisors LLC Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

Natixis Advisors LLC boosted its position in Dominion Energy, Inc. (NYSE:D) by 14.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,157,389 shares of the utilities provider’s stock after purchasing an additional 148,102 shares during the quarter. Natixis Advisors LLC’s holdings in Dominion Energy were worth $62,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Simon Quick Advisors LLC increased its position in Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY increased its position in Dominion Energy by 2.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after acquiring an additional 195 shares during the last quarter. Passumpsic Savings Bank increased its position in Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 199 shares during the last quarter. Meridian Financial Partners LLC increased its position in Dominion Energy by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after acquiring an additional 219 shares during the last quarter. Finally, Register Financial Advisors LLC increased its position in Dominion Energy by 5.8% during the fourth quarter. Register Financial Advisors LLC now owns 4,316 shares of the utilities provider’s stock valued at $232,000 after acquiring an additional 237 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 1.0 %

Shares of NYSE:D opened at $54.64 on Friday. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97. The stock has a market cap of $46.55 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The business’s 50 day moving average is $55.12 and its 200 day moving average is $56.35. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. 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 4.89%. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Finally, Scotiabank lifted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $57.18.

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.