Dominion Energy Inc. $D Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in shares of Dominion Energy Inc. (NYSE:D) by 7.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,337 shares of the utilities provider’s stock after selling 12,440 shares during the quarter. Teacher Retirement System of Texas’ holdings in Dominion Energy were worth $8,441,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in D. Patton Fund Management Inc. bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $235,000. Bessemer Group Inc. grew its position in Dominion Energy by 7.0% in the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock valued at $527,000 after buying an additional 616 shares in the last quarter. Golden State Wealth Management LLC grew its position in Dominion Energy by 222.7% in the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider’s stock valued at $51,000 after buying an additional 628 shares in the last quarter. Central Pacific Bank Trust Division raised its position in shares of Dominion Energy by 28.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 56,491 shares of the utilities provider’s stock worth $3,193,000 after buying an additional 12,453 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Dominion Energy by 4.5% during the 2nd quarter. Nordea Investment Management AB now owns 74,673 shares of the utilities provider’s stock worth $4,185,000 after buying an additional 3,244 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Shares of NYSE D opened at $58.98 on Thursday. The stock’s fifty day simple moving average is $60.32 and its 200 day simple moving average is $57.92. The stock has a market capitalization of $50.33 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 2.16 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.52.

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

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is 92.07%.

Insider Activity

In other news, CEO Robert M. Blue purchased 4,152 shares of Dominion Energy stock in a transaction that occurred on Wednesday, August 27th. The stock was acquired at an average price of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on D shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a research note on Tuesday. Barclays lifted 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, October 7th. Wells Fargo & Company began coverage on Dominion Energy in a research note on Tuesday. They set an “overweight” rating and a $67.00 target price for the company. Evercore ISI began coverage on Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price on the stock. Finally, BTIG Research began coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average price target of $63.78.

Dominion Energy 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.