Nilsine Partners LLC Purchases New Stake in Dominion Energy, Inc. (NYSE:D)

Nilsine Partners LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, Holdings Channel.com reports. The fund acquired 13,405 shares of the utilities provider’s stock, valued at approximately $722,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Oppenheimer & Co. Inc. boosted its stake in Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after purchasing an additional 12,890 shares during the period. Charles Schwab Investment Management Inc. increased its position in Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after acquiring an additional 43,055 shares during the period. Ascent Wealth Partners LLC acquired a new stake in Dominion Energy in the 3rd quarter worth about $1,223,000. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after purchasing an additional 3,278,175 shares during the period. Finally, Barclays PLC boosted its stake in shares of Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after buying an additional 404,868 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on D. Morgan Stanley started coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Scotiabank lifted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Performance

NYSE:D opened at $55.34 on Wednesday. The stock’s 50-day moving average is $55.16 and its 200-day moving average is $56.01. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market cap of $46.48 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the company posted $0.77 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.82%. Dominion Energy’s payout ratio is 93.68%.

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.