Nisa Investment Advisors LLC Has $11.72 Million Position in Dominion Energy Inc. (NYSE:D)

Nisa Investment Advisors LLC increased its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 40.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,978 shares of the utilities provider's stock after buying an additional 59,733 shares during the period. Nisa Investment Advisors LLC's holdings in Dominion Energy were worth $11,717,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of D. Sowell Financial Services LLC bought a new stake in shares of Dominion Energy in the 1st quarter valued at $314,000. QRG Capital Management Inc. lifted its holdings in shares of Dominion Energy by 13.8% during the 1st 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 increased its stake in Dominion Energy by 114.8% during the 1st 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 in the last quarter. Bessemer Group Inc. raised its holdings in Dominion Energy by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after buying an additional 616 shares during the period. Finally, Golden State Wealth Management LLC raised its holdings in 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 during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on D. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Morgan Stanley lowered their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $58.38.

Dominion Energy Stock Performance

NYSE:D traded down $0.18 during mid-day trading on Monday, hitting $57.21. The stock had a trading volume of 3,219,014 shares, compared to its average volume of 4,779,674. The company's 50 day simple moving average is $55.84 and its 200 day simple moving average is $54.95. The stock has a market cap of $48.79 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.25 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $61.97.

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

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Thursday, May 29th. Dominion Energy's dividend payout ratio is 100.00%.

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.