California Public Employees Retirement System increased its position in shares of Dominion Energy Inc. (NYSE:D) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,582,873 shares of the utilities provider’s stock after purchasing an additional 64,078 shares during the quarter. California Public Employees Retirement System owned 0.25% of Dominion Energy worth $121,770,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Tradewinds Capital Management LLC increased its position in Dominion Energy by 0.9% during the second quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after buying an additional 12 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in Dominion Energy during the second quarter worth $103,000. Johnson Financial Group Inc. increased its position in Dominion Energy by 146.8% during the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after buying an additional 800 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in Dominion Energy by 336.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after buying an additional 1,076 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new position in Dominion Energy during the second quarter worth $107,000. 64.67% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on D. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Bank of America raised Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. National Bank Financial downgraded Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research report on Wednesday, October 4th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Fourteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $80.70.
In related news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total value of $453,267.36. Following the transaction, the director now owns 18,920 shares in the company, valued at $1,527,033.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is currently owned by company insiders.
Dominion Energy Inc. (D) opened at $83.88 on Monday. Dominion Energy Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $84.47. The firm has a market capitalization of $53,980.00, a price-to-earnings ratio of 22.86, a P/E/G ratio of 4.13 and a beta of 0.29. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29.
Dominion Energy (NYSE:D) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities analysts forecast that Dominion Energy Inc. will post 3.6 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be issued a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.08 dividend on an annualized basis and a yield of 3.67%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio (DPR) is presently 90.86%.
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Dominion Energy 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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