Dominion Energy Inc. $D Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in shares of Dominion Energy Inc. (NYSE:D) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,024,874 shares of the utilities provider’s stock after buying an additional 2,919 shares during the period. New York State Common Retirement Fund owned 0.12% of Dominion Energy worth $57,926,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake 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 during the last quarter. Dodge & Cox increased its holdings in Dominion Energy by 3.0% in the first quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock valued at $1,306,901,000 after buying an additional 685,245 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dominion Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock worth $1,112,697,000 after purchasing an additional 575,350 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Dominion Energy by 19.4% in the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock worth $994,917,000 after buying an additional 2,882,252 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Dominion Energy by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock valued at $790,092,000 after purchasing an additional 1,552,985 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on D shares. Wells Fargo & Company started coverage on shares of Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. BTIG Research assumed coverage on Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating for the company. Weiss Ratings upgraded shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Morgan Stanley increased their target price on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $64.22.

Dominion Energy Stock Performance

D opened at $62.51 on Friday. The business’s 50 day moving average is $60.83 and its 200-day moving average is $58.98. The stock has a market cap of $53.38 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.13 and a beta of 0.63. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.87.

Dominion Energy (NYSE:D) last released its 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. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter last year, the company earned $0.98 EPS. Dominion Energy’s quarterly revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, December 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

About Dominion Energy

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.