Dominion Energy Inc. (NYSE:D) Stock Holdings Increased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its holdings in Dominion Energy by 8.9%, owning approximately 1.26 million shares valued at $70.67 million as of the latest SEC filing.
• Dominion Energy reported $0.93 earnings per share, exceeding analyst expectations of $0.82, along with a revenue of $4.08 billion during the last quarter.
• The company announced a quarterly dividend of $0.6675 per share, reflecting an annualized yield of 4.58%.

Natixis Advisors LLC increased its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,260,317 shares of the utilities provider's stock after purchasing an additional 102,928 shares during the period. Natixis Advisors LLC owned 0.15% of Dominion Energy worth $70,666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after acquiring an additional 3,553 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Dominion Energy in the fourth quarter valued at $68,000. Alliancebernstein L.P. boosted its holdings in Dominion Energy by 11.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,122,952 shares of the utilities provider's stock valued at $60,482,000 after acquiring an additional 113,806 shares during the last quarter. National Bank of Canada FI boosted its holdings in Dominion Energy by 1.8% in the fourth quarter. National Bank of Canada FI now owns 475,639 shares of the utilities provider's stock valued at $25,438,000 after acquiring an additional 8,625 shares during the last quarter. Finally, StoneX Group Inc. acquired a new position in Dominion Energy in the fourth quarter valued at $905,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Up 1.5%

Shares of NYSE D traded up $0.93 during midday trading on Monday, reaching $61.34. 2,849,142 shares of the company's stock were exchanged, compared to its average volume of 5,333,169. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $61.97. The stock has a market capitalization of $52.31 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 1.31 and a beta of 0.57. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. The business's fifty day moving average price is $56.69 and its two-hundred day moving average price is $55.39.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The business had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a return on equity of 9.81% and a net margin of 16.45%. The firm's revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. Analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's payout ratio is currently 92.07%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on D shares. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday, July 15th. Morgan Stanley reduced their price objective on 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $58.88.

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.