Machina Capital S.A.S. Makes New Investment in Dominion Energy Inc. (NYSE:D)

Machina Capital S.A.S. bought a new stake in Dominion Energy Inc. (NYSE:D - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 28,098 shares of the utilities provider's stock, valued at approximately $1,575,000.

Other institutional investors also recently made changes to their positions in the company. Sowell Financial Services LLC bought a new stake in Dominion Energy during the 1st quarter valued at $314,000. QRG Capital Management Inc. raised its stake in shares of Dominion Energy by 13.8% during the first quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock valued at $503,000 after purchasing an additional 1,087 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Dominion Energy by 114.8% in the first quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after purchasing an additional 6,462 shares during the period. Bessemer Group Inc. lifted its holdings in Dominion Energy by 7.0% in the first quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after purchasing an additional 616 shares during the period. Finally, Golden State Wealth Management LLC raised its position in shares of Dominion Energy by 222.7% during the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock worth $51,000 after buying an additional 628 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Price Performance

Shares of D traded up $0.05 during trading hours on Friday, hitting $58.80. 2,908,618 shares of the company were exchanged, compared to its average volume of 4,306,502. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The company has a market capitalization of $50.14 billion, a PE ratio of 22.02, a PEG ratio of 1.27 and a beta of 0.56. The firm has a fifty day simple moving average of $56.47 and a 200-day simple moving average of $55.21. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter last year, the business posted $0.55 EPS. Dominion Energy's revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.54%. Dominion Energy's dividend payout ratio is 100.00%.

Analyst Upgrades and Downgrades

D has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $58.88.

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.