Dominion Energy Inc. $D Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its holdings in Dominion Energy Inc. (NYSE:D) by 5.9% in the second quarter, Holdings Channel.com reports. The fund owned 41,481 shares of the utilities provider’s stock after buying an additional 2,303 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Dominion Energy were worth $2,345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Optas LLC purchased a new position in shares of Dominion Energy in the second quarter valued at $334,000. Bar Harbor Wealth Management increased its position in shares of Dominion Energy by 22.0% in the second quarter. Bar Harbor Wealth Management now owns 53,165 shares of the utilities provider’s stock valued at $3,005,000 after buying an additional 9,594 shares in the last quarter. NBT Bank N A NY increased its position in shares of Dominion Energy by 10.8% in the second quarter. NBT Bank N A NY now owns 19,466 shares of the utilities provider’s stock valued at $1,100,000 after buying an additional 1,900 shares in the last quarter. Sax Wealth Advisors LLC increased its position in shares of Dominion Energy by 50.7% in the second quarter. Sax Wealth Advisors LLC now owns 6,166 shares of the utilities provider’s stock valued at $348,000 after buying an additional 2,074 shares in the last quarter. Finally, Godsey & Gibb Inc. increased its position in shares of Dominion Energy by 0.3% in the second quarter. Godsey & Gibb Inc. now owns 382,934 shares of the utilities provider’s stock valued at $21,643,000 after buying an additional 1,260 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays raised their price target on Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Morgan Stanley dropped their price objective on Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Evercore ISI assumed coverage on Dominion Energy in a research report on Tuesday. They set an “in-line” rating and a $67.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.00.

Dominion Energy Stock Up 1.1%

Shares of NYSE:D opened at $60.92 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46. The stock has a market capitalization of $51.99 billion, a P/E ratio of 21.01, a PEG ratio of 1.31 and a beta of 0.62. The stock has a 50-day simple moving average of $60.46 and a 200-day simple moving average of $57.19.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Equities analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy’s dividend payout ratio is presently 92.07%.

Dominion Energy Company Profile

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.