Machina Capital S.A.S. Acquires 82,273 Shares of Dominion Energy Inc. $D

Machina Capital S.A.S. bought a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 82,273 shares of the utilities provider’s stock, valued at approximately $4,979,000. Dominion Energy comprises about 0.6% of Machina Capital S.A.S.’s investment portfolio, making the stock its 27th biggest holding.

A number of other hedge funds also recently made changes to their positions in D. Hughes Financial Services LLC boosted its holdings in shares of Dominion Energy by 1.5% in the 3rd quarter. Hughes Financial Services LLC now owns 10,225 shares of the utilities provider’s stock worth $666,000 after buying an additional 154 shares during the last quarter. Cornerstone Planning LLC boosted its position in Dominion Energy by 0.9% during the second quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock worth $1,180,000 after purchasing an additional 157 shares during the period. Arlington Trust Co LLC boosted its holdings in Dominion Energy by 47.1% in the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock worth $34,000 after buying an additional 160 shares during the period. Premier Path Wealth Partners LLC boosted its holdings in shares of Dominion Energy by 1.7% in the second quarter. Premier Path Wealth Partners LLC now owns 9,795 shares of the utilities provider’s stock worth $669,000 after acquiring an additional 168 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in shares of Dominion Energy by 1.6% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 11,334 shares of the utilities provider’s stock valued at $686,000 after purchasing an additional 183 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Down 0.5%

Shares of NYSE:D opened at $68.04 on Thursday. The firm has a fifty day moving average price of $64.09 and a two-hundred day moving average price of $65.10. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.88 and a quick ratio of 0.69. Dominion Energy Inc. has a one year low of $55.85 and a one year high of $72.99. The company has a market cap of $59.85 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.17 and a beta of 0.62.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, October 30th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $5.62 billion during the quarter, compared to analyst estimates of $4.90 billion. Dominion Energy had a net margin of 13.99% and a return on equity of 10.09%. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 EPS. Analysts anticipate that Dominion Energy Inc. will post 3.59 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 20th. Investors of record on Friday, December 4th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $2.67 annualized dividend and a yield of 3.9%. Dominion Energy’s dividend payout ratio (DPR) is currently 88.70%.

Analysts Set New Price Targets

D has been the topic of a number of recent research reports. TD Cowen raised Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $69.00 to $80.00 in a report on Wednesday, August 19th. UBS Group set a $80.00 target price on Dominion Energy in a report on Wednesday, August 19th. BMO Capital Markets upped their price target on Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, November 2nd. Finally, Mizuho set a $68.00 price target on shares of Dominion Energy in a report on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $69.33.

About Dominion Energy

Dominion Energy, Inc. (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.