Nisa Investment Advisors LLC Sells 118,695 Shares of Dominion Energy Inc. $D

Nisa Investment Advisors LLC reduced its stake in Dominion Energy Inc. (NYSE:D) by 50.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after acquiring an additional 3,553 shares during the last quarter. Empowered Funds LLC boosted its stake in Dominion Energy by 8.3% in the 1st quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after purchasing an additional 1,344 shares in the last quarter. Woodline Partners LP grew its position in Dominion Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after purchasing an additional 20,522 shares during the last quarter. Focus Partners Wealth grew its position in Dominion Energy by 59.7% during the 1st quarter. Focus Partners Wealth now owns 263,545 shares of the utilities provider’s stock valued at $14,777,000 after purchasing an additional 98,476 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Dominion Energy by 71.2% in the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after buying an additional 12,663 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on D shares. Wells Fargo & Company started coverage on Dominion Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $67.00 target price on the stock. TD Cowen started coverage on Dominion Energy in a report on Friday. They set a “hold” rating and a $65.00 price target on the stock. Barclays lifted their price objective on Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 target price on shares of Dominion Energy in a research note on Tuesday, October 28th. Finally, Morgan Stanley lifted their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $64.78.

Dominion Energy Stock Up 0.3%

D stock opened at $57.96 on Friday. The company has a market cap of $49.50 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 1.57 and a beta of 0.72. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The business’s 50-day moving average is $59.76 and its two-hundred day moving average is $59.65. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.87.

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

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were given a $0.6675 dividend. The ex-dividend date was Friday, December 5th. This represents a $2.67 annualized dividend and a yield of 4.6%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

About Dominion Energy

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.