Nisa Investment Advisors LLC Increases Holdings in Dominion Energy, Inc. (NYSE:D)

Nisa Investment Advisors LLC raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 56.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,245 shares of the utilities provider’s stock after purchasing an additional 53,969 shares during the period. Nisa Investment Advisors LLC’s holdings in Dominion Energy were worth $8,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its position in Dominion Energy by 4.7% during the 2nd quarter. Pacer Advisors Inc. now owns 59,380 shares of the utilities provider’s stock valued at $2,910,000 after purchasing an additional 2,680 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Dominion Energy by 2.2% during the second quarter. Thrivent Financial for Lutherans now owns 54,018 shares of the utilities provider’s stock valued at $2,647,000 after purchasing an additional 1,163 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Dominion Energy by 7.1% during the second quarter. Evergreen Capital Management LLC now owns 5,114 shares of the utilities provider’s stock valued at $251,000 after buying an additional 340 shares during the period. Bank of Montreal Can raised its stake in Dominion Energy by 21.0% in the second quarter. Bank of Montreal Can now owns 829,522 shares of the utilities provider’s stock worth $42,671,000 after buying an additional 144,139 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Dominion Energy during the second quarter worth $1,651,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $53.25 on Friday. The business’s fifty day simple moving average is $55.34 and its 200-day simple moving average is $55.88. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market cap of $44.73 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.22 and a beta of 0.60. Dominion Energy, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.01%. The ex-dividend date was Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on D. Barclays boosted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley started 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 target for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank increased their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $56.58.

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.