Nisa Investment Advisors LLC Trims Stock Holdings in Dominion Energy Inc. $D

Nisa Investment Advisors LLC lowered its stake in Dominion Energy Inc. (NYSE:D) by 50.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,270 shares of the utilities provider’s stock after selling 118,695 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dominion Energy were worth $7,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Patton Fund Management Inc. purchased a new stake in Dominion Energy in the 2nd quarter worth $235,000. Rockefeller Capital Management L.P. boosted its stake in shares of Dominion Energy by 6.9% in the second quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock worth $10,563,000 after acquiring an additional 12,041 shares during the period. Vanguard Group Inc. grew its position in shares of Dominion Energy by 16.2% during the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after purchasing an additional 14,715,895 shares in the last quarter. Bryn Mawr Trust Advisors LLC raised its stake in Dominion Energy by 19.0% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after purchasing an additional 16,731 shares during the period. Finally, Virtus Advisers LLC purchased a new position in Dominion Energy in the 2nd quarter worth approximately $240,000. 73.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company started coverage on shares of Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price objective on the stock. Barclays raised their target price on shares of Dominion Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. BMO Capital Markets decreased their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c+)” rating on shares of Dominion Energy in a research report on Monday, December 29th. Finally, BTIG Research assumed coverage on Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average target price of $64.78.

Dominion Energy Price Performance

Dominion Energy stock opened at $57.96 on Friday. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.87. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. The firm’s fifty day moving average is $59.76 and its 200 day moving average is $59.65. The company has a market cap of $49.50 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.57 and a beta of 0.72.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.6%. Dominion Energy’s dividend payout ratio is 90.82%.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.