Nisa Investment Advisors LLC Has $10.40 Million Stake in Dominion Energy Inc (D)

Nisa Investment Advisors LLC boosted its holdings in shares of Dominion Energy Inc (NYSE:D) by 18.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,544 shares of the utilities provider’s stock after purchasing an additional 22,850 shares during the period. Nisa Investment Advisors LLC’s holdings in Dominion Energy were worth $10,401,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in shares of Dominion Energy by 29.9% during the third quarter. Bank of New York Mellon Corp now owns 6,146,819 shares of the utilities provider’s stock worth $431,998,000 after buying an additional 1,413,097 shares in the last quarter. Morgan Stanley increased its holdings in Dominion Energy by 46.1% in the third quarter. Morgan Stanley now owns 3,759,391 shares of the utilities provider’s stock valued at $264,209,000 after purchasing an additional 1,185,720 shares during the period. Vanguard Group Inc increased its holdings in Dominion Energy by 1.7% in the third quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock valued at $3,505,778,000 after purchasing an additional 825,191 shares during the period. Zimmer Partners LP increased its holdings in Dominion Energy by 299.0% in the third quarter. Zimmer Partners LP now owns 700,591 shares of the utilities provider’s stock valued at $49,238,000 after purchasing an additional 525,000 shares during the period. Finally, Deutsche Bank AG increased its holdings in Dominion Energy by 10.7% in the third quarter. Deutsche Bank AG now owns 5,298,868 shares of the utilities provider’s stock valued at $372,399,000 after purchasing an additional 511,844 shares during the period. Hedge funds and other institutional investors own 67.13% of the company’s stock.

In other Dominion Energy news, CFO James R. Chapman acquired 4,053 shares of Dominion Energy stock in a transaction that occurred on Wednesday, December 19th. The stock was acquired at an average cost of $74.02 per share, for a total transaction of $300,003.06. Following the purchase, the chief financial officer now owns 22,256 shares of the company’s stock, valued at $1,647,389.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Diane Leopold sold 2,500 shares of Dominion Energy stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total transaction of $178,275.00. Following the completion of the transaction, the chief executive officer now owns 48,677 shares of the company’s stock, valued at $3,471,156.87. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

A number of analysts have weighed in on the company. Bank of America downgraded Dominion Energy from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $72.00 to $69.00 in a report on Friday, January 11th. ValuEngine raised shares of Dominion Energy from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th. JPMorgan Chase & Co. cut shares of Dominion Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $79.00 to $73.00 in a research report on Tuesday, January 22nd. Barclays set a $79.00 price objective on shares of Dominion Energy and gave the stock a “buy” rating in a research report on Saturday, November 17th. Finally, Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Dominion Energy presently has an average rating of “Hold” and an average target price of $85.55.

NYSE D traded up $0.38 during trading hours on Friday, hitting $73.05. The company’s stock had a trading volume of 4,159,850 shares, compared to its average volume of 5,169,199. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $77.19. The stock has a market cap of $47.96 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.88 and a beta of 0.21. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, February 1st. The utilities provider reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Dominion Energy had a net margin of 18.31% and a return on equity of 13.15%. The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business posted $0.91 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Dominion Energy Inc will post 4.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.9175 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $3.67 annualized dividend and a dividend yield of 5.02%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.84. Dominion Energy’s dividend payout ratio (DPR) is presently 82.47%.

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Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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