Oregon Public Employees Retirement Fund Purchases 23,976 Shares of Dominion Energy Inc. $D

Oregon Public Employees Retirement Fund increased its position in Dominion Energy Inc. (NYSE:D) by 32.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 97,593 shares of the utilities provider’s stock after buying an additional 23,976 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Dominion Energy were worth $5,970,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CoreFirst Bank & Trust purchased a new position in shares of Dominion Energy in the second quarter valued at about $25,000. Westside Investment Management Inc. raised its stake in Dominion Energy by 123.3% during the 2nd quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 259 shares during the period. Hanson & Doremus Investment Management purchased a new position in Dominion Energy in the 3rd quarter worth approximately $31,000. Twin Peaks Wealth Advisors LLC bought a new position in Dominion Energy in the 2nd quarter worth approximately $32,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in Dominion Energy during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Dominion Energy in a research report on Friday. They set a “hold” rating and a $65.00 price objective on the stock. BTIG Research initiated coverage on shares of Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating for the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a research note on Tuesday, October 28th. Wells Fargo & Company assumed coverage on shares of Dominion Energy in a report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price objective for the company. Finally, Morgan Stanley lifted their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $64.78.

Dominion Energy Price Performance

Dominion Energy stock opened at $57.96 on Friday. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.87. The company has a market cap of $49.50 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.57 and a beta of 0.72. The firm’s fifty day moving average is $59.76 and its 200 day moving average is $59.65. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the previous year, the firm posted $0.98 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Sell-side analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Stockholders of record on Friday, December 5th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.