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

Natixis Advisors LLC lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 36.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,009,287 shares of the utilities provider’s stock after purchasing an additional 271,622 shares during the period. Natixis Advisors LLC’s holdings in Dominion Energy were worth $58,327,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ipswich Investment Management Co. Inc. purchased a new stake in Dominion Energy during the third quarter worth $204,000. Coastline Trust Co purchased a new stake in shares of Dominion Energy during the 3rd quarter worth $74,000. Empowered Funds LLC boosted its position in 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 purchasing an additional 1,323 shares in the last quarter. Birchcreek Wealth Management LLC grew its stake 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 purchasing an additional 2,700 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in Dominion Energy by 2.3% in the third quarter. Empirical Finance LLC now owns 28,787 shares of the utilities provider’s stock worth $1,664,000 after purchasing an additional 649 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Up 2.6 %

Shares of NYSE:D opened at $57.63 on Friday. The business has a 50-day moving average price of $58.03 and a 200-day moving average price of $54.60. The stock has a market cap of $48.41 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.53 and a beta of 0.59. Dominion Energy, Inc. has a 52-week low of $43.53 and a 52-week high of $61.97. 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 announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion during 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 quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. Equities analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on D. BMO Capital Markets raised their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $55.91.

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.