Nisa Investment Advisors LLC Has $8.04 Million Stake in Dominion Energy, Inc. (NYSE:D)

Nisa Investment Advisors LLC lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 56.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,245 shares of the utilities provider’s stock after acquiring an additional 53,969 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dominion Energy were worth $8,038,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in Dominion Energy by 4.7% during the second quarter. Pacer Advisors Inc. now owns 59,380 shares of the utilities provider’s stock valued at $2,910,000 after acquiring an additional 2,680 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Dominion Energy by 2.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 54,018 shares of the utilities provider’s stock valued at $2,647,000 after purchasing an additional 1,163 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of Dominion Energy by 7.1% during the second quarter. Evergreen Capital Management LLC now owns 5,114 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 340 shares in the last quarter. Bank of Montreal Can raised its position in Dominion Energy by 21.0% in the 2nd quarter. Bank of Montreal Can now owns 829,522 shares of the utilities provider’s stock worth $42,671,000 after buying an additional 144,139 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at about $1,651,000. 73.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Finally, Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Stock Performance

NYSE:D opened at $53.25 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock’s fifty day moving average is $55.34 and its 200 day moving average is $55.88. The firm has a market capitalization of $44.73 billion, a PE ratio of 18.69, a PEG ratio of 1.22 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

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

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.01%. Dominion Energy’s payout ratio is 93.68%.

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.