Nisa Investment Advisors LLC Boosts Position in Dominion Energy, Inc. (NYSE:D)

Nisa Investment Advisors LLC grew its position in Dominion Energy, Inc. (NYSE:D) by 11.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,455 shares of the utilities provider’s stock after buying an additional 12,540 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dominion Energy were worth $5,804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Dominion Energy by 16.0% during the first quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after buying an additional 12,178,713 shares in the last quarter. Capital Research Global Investors increased its position in Dominion Energy by 136.5% during the 4th quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after purchasing an additional 10,370,768 shares in the last quarter. Norges Bank acquired a new position in Dominion Energy in the 4th quarter valued at about $329,792,000. ClearBridge Investments Ltd purchased a new position in Dominion Energy in the 4th quarter valued at about $214,220,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after buying an additional 2,801,687 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $56.29 on Tuesday. The company has a market cap of $47.15 billion, a P/E ratio of 29.02, a PEG ratio of 1.48 and a beta of 0.58. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.60. The business’s 50-day simple moving average is $51.74 and its 200 day simple moving average is $50.14. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, August 30th. This represents a $2.67 annualized dividend and a dividend yield of 4.74%. Dominion Energy’s dividend payout ratio is presently 137.63%.

Analysts Set New Price Targets

Several brokerages recently issued reports on D. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Evercore ISI lifted their price objective on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Wells Fargo & Company raised their price target on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Finally, Mizuho increased their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $52.73.

Dominion Energy Company 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.