Natixis Boosts Stake in Dominion Energy, Inc. (NYSE:D)

Natixis lifted its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 1,923.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 169,624 shares of the utilities provider's stock after acquiring an additional 161,242 shares during the period. Natixis' holdings in Dominion Energy were worth $9,136,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Dominion Energy during the fourth quarter valued at about $473,354,000. American Century Companies Inc. grew its position in Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider's stock worth $202,724,000 after acquiring an additional 2,540,713 shares during the last quarter. Marshall Wace LLP increased its stake in Dominion Energy by 8,585.3% in the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock worth $119,048,000 after purchasing an additional 2,184,873 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Dominion Energy by 4.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after purchasing an additional 1,459,926 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $71,409,000. Institutional investors own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. restated an "underweight" rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, UBS Group boosted their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $57.00.

Dominion Energy Stock Down 0.8 %

NYSE:D traded down $0.41 during mid-day trading on Friday, hitting $52.94. 5,352,231 shares of the company's stock were exchanged, compared to its average volume of 4,358,975. The company has a market cap of $45.12 billion, a PE ratio of 19.61, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. The business has a fifty day moving average price of $54.32 and a 200 day moving average price of $55.52.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS 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%. Equities analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

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.