Public Employees Retirement System of Ohio continued to hold its position in shares of Dominion Energy Inc. (NYSE:D) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 424,345 shares of the utilities provider’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Dominion Energy were worth $32,916,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. boosted its stake in Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after buying an additional 44,293,566 shares during the last quarter. Vanguard Group Inc. boosted its stake in Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after buying an additional 1,435,767 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Dominion Energy by 24.0% in the first quarter. Wells Fargo & Company MN now owns 4,900,432 shares of the utilities provider’s stock valued at $380,127,000 after buying an additional 949,647 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in Dominion Energy by 44.1% in the first quarter. Epoch Investment Partners Inc. now owns 2,741,725 shares of the utilities provider’s stock valued at $212,676,000 after buying an additional 838,574 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock valued at $2,371,472,000 after buying an additional 790,484 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Shares of Dominion Energy Inc. (NYSE D) traded up 0.49% during midday trading on Monday, hitting $77.77. The stock had a trading volume of 302,303 shares. The firm has a market cap of $49.97 billion, a P/E ratio of 22.51 and a beta of 0.28. The company’s 50 day moving average is $77.07 and its 200 day moving average is $77.23. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy Inc. will post $3.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 1st will be paid a $0.755 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.90%. Dominion Energy’s dividend payout ratio (DPR) is presently 87.28%.

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Several equities research analysts have commented on the company. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the company a “hold” rating in a research note on Saturday, June 3rd. Deutsche Bank AG boosted their target price on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Morgan Stanley cut their target price on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Finally, Citigroup Inc. cut their target price on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 26th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $80.57.

Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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