State of New Jersey Common Pension Fund D decreased its position in Dominion Energy, Inc. (NYSE:D) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 552,946 shares of the utilities provider’s stock after selling 26,267 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Dominion Energy worth $43,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in D. Larson Financial Group LLC lifted its position in Dominion Energy by 110.5% in the second quarter. Larson Financial Group LLC now owns 381 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Demars Financial Group LLC bought a new stake in Dominion Energy in the second quarter valued at approximately $32,000. Rockbridge Investment Management LCC bought a new stake in Dominion Energy in the second quarter valued at approximately $32,000. Crewe Advisors LLC bought a new stake in Dominion Energy in the third quarter valued at approximately $38,000. Finally, Blue Square Asset Management LLC bought a new stake in Dominion Energy in the second quarter valued at approximately $39,000. Institutional investors own 66.53% of the company’s stock.
In related news, Chairman Thomas F. Farrell II sold 50,000 shares of Dominion Energy stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $80.28, for a total value of $4,014,000.00. Following the completion of the sale, the chairman now directly owns 1,038,262 shares in the company, valued at approximately $83,351,673.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company’s stock.
Several equities analysts have recently issued reports on D shares. Scotiabank boosted their target price on Dominion Energy from $84.00 to $86.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 7th. Credit Suisse Group cut Dominion Energy from an “outperform” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research note on Tuesday, July 7th. Wells Fargo & Company reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, July 31st. Argus cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Wolfe Research raised Dominion Energy from a “peer perform” rating to an “outperform” rating and boosted their target price for the company from $78.00 to $80.00 in a research note on Monday, July 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $82.06.
NYSE D opened at $80.95 on Friday. Dominion Energy, Inc. has a 12 month low of $57.79 and a 12 month high of $90.89. The stock has a market cap of $68.01 billion, a P/E ratio of 109.39, a P/E/G ratio of 6.46 and a beta of 0.36. The stock’s fifty day moving average price is $79.92 and its 200-day moving average price is $79.90. The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 1.30.
Dominion Energy (NYSE:D) last released its earnings results on Friday, July 31st. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Dominion Energy had a return on equity of 12.09% and a net margin of 3.77%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. As a group, analysts forecast that Dominion Energy, Inc. will post 3.64 earnings per share for the current fiscal year.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. The company's Dominion Energy Virginia segment engages in the regulated electric generation, transmission, and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Gas Transmission & Storage segment operates interstate natural gas transmission pipelines and underground storage systems, as well as engages in nonregulated retail natural gas marketing, and development of renewable natural gas and LNG infrastructure.
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