Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 42,867 Shares of Dominion Energy Inc. $D

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Dominion Energy Inc. (NYSE:D) by 2.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,642,868 shares of the utilities provider’s stock after buying an additional 42,867 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of Dominion Energy worth $92,855,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Patton Fund Management Inc. bought a new stake in Dominion Energy in the second quarter valued at $235,000. Bryn Mawr Trust Advisors LLC boosted its stake in shares of Dominion Energy by 19.0% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 104,710 shares of the utilities provider’s stock valued at $5,918,000 after purchasing an additional 16,731 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Dominion Energy by 28.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 56,491 shares of the utilities provider’s stock valued at $3,193,000 after purchasing an additional 12,453 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Dominion Energy by 97.5% in the 2nd quarter. Assetmark Inc. now owns 41,025 shares of the utilities provider’s stock worth $2,319,000 after purchasing an additional 20,248 shares during the last quarter. Finally, Nordea Investment Management AB increased 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 purchasing an additional 3,244 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Dominion Energy stock opened at $60.59 on Friday. The business’s 50-day simple moving average is $60.42 and its 200 day simple moving average is $58.47. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The stock has a market cap of $51.74 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $62.52.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same period in the previous year, the business posted $0.98 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio is currently 90.82%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays upped their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. BTIG Research initiated coverage on Dominion Energy in a report on Wednesday, October 22nd. They set a “neutral” rating for the company. BMO Capital Markets reduced their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. JPMorgan Chase & Co. raised their target price on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.22.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction on Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

Dominion Energy Company 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.