Dominion Energy, Inc. (NYSE:D) Shares Bought by State of Michigan Retirement System

State of Michigan Retirement System increased its position in shares of Dominion Energy, Inc. (NYSE:DFree Report) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,867 shares of the utilities provider’s stock after purchasing an additional 13,500 shares during the quarter. State of Michigan Retirement System’s holdings in Dominion Energy were worth $11,415,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares during the last quarter. Pacific Center for Financial Services acquired a new stake in Dominion Energy in the first quarter worth $28,000. Live Oak Investment Partners acquired a new stake in Dominion Energy in the fourth quarter worth $34,000. Quilter Plc acquired a new position in shares of Dominion Energy during the first quarter valued at $595,800,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy during the fourth quarter valued at $30,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Down 0.9 %

D stock opened at $48.71 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The stock has a market capitalization of $40.80 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.01 and a beta of 0.61. The business has a 50-day moving average of $46.62 and a 200-day moving average of $45.85. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.69.

Dominion Energy (NYSE:DGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 earnings per share. On average, sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.48%. Dominion Energy’s dividend payout ratio is currently 114.59%.

Wall Street Analysts Forecast Growth

D has been the topic of a number of research analyst reports. Guggenheim lowered their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Scotiabank decreased their price target on Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Monday, March 4th. Wells Fargo & Company increased their price target on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target for the company. in a research report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $49.90.

Get Our Latest Report on D

Insider Transactions at Dominion Energy

In related news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the transaction, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is owned by insiders.

Dominion Energy Profile

(Free Report)

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.

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

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