Natixis Advisors LLC Purchases 148,102 Shares of Dominion Energy, Inc. (NYSE:D)

Natixis Advisors LLC increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 14.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,157,389 shares of the utilities provider’s stock after buying an additional 148,102 shares during the period. Natixis Advisors LLC owned 0.14% of Dominion Energy worth $62,337,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Cape Investment Advisory Inc. increased its stake in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department bought a new stake in shares of Dominion Energy during the fourth quarter worth about $26,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. Fairway Wealth LLC bought a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy during the third quarter worth about $32,000. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $57.18.

Dominion Energy Trading Up 1.0 %

Shares of D stock opened at $54.64 on Friday. Dominion Energy, Inc. has a 52-week low of $46.56 and a 52-week high of $61.97. The company has a 50-day simple moving average of $55.12 and a two-hundred day simple moving average of $56.35. The company has a market capitalization of $46.55 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.22 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s payout ratio is currently 98.89%.

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.