Natixis Advisors LLC Has $70.67 Million Stock Position in Dominion Energy Inc. (NYSE:D)

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 raised its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 8.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,260,317 shares of the utilities provider's stock after acquiring an additional 102,928 shares during the period. Natixis Advisors LLC owned approximately 0.15% of Dominion Energy worth $70,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its position in Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock worth $119,048,000 after acquiring an additional 2,184,873 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock worth $1,667,540,000 after acquiring an additional 1,459,926 shares during the last quarter. Zimmer Partners LP bought a new stake in Dominion Energy during the 4th quarter worth $72,269,000. Northern Trust Corp grew its position in Dominion Energy by 16.7% during the 4th quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock worth $501,759,000 after acquiring an additional 1,330,459 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Dominion Energy by 6,252.7% during the 1st quarter. GAMMA Investing LLC now owns 1,276,770 shares of the utilities provider's stock worth $71,588,000 after acquiring an additional 1,256,672 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 3.3%

Shares of NYSE:D traded up $1.93 during midday trading on Friday, reaching $60.38. The company's stock had a trading volume of 7,651,932 shares, compared to its average volume of 3,969,101. The firm has a market capitalization of $51.49 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.27 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 firm has a 50 day moving average price of $56.69 and a two-hundred day moving average price of $55.37. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. As a group, analysts forecast 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 will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio is 100.00%.

Analyst Ratings Changes

D has been the topic of a number of research reports. 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 report on Wednesday, June 18th. JPMorgan Chase & Co. upped 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 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price 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.