Dominion Energy Inc. $D Shares Acquired by State of Michigan Retirement System

State of Michigan Retirement System lifted its stake in shares of Dominion Energy Inc. (NYSE:D) by 3.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 250,867 shares of the utilities provider’s stock after acquiring an additional 8,000 shares during the period. State of Michigan Retirement System’s holdings in Dominion Energy were worth $14,179,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after buying an additional 3,553 shares during the last quarter. Private Trust Co. NA boosted its stake in Dominion Energy by 8.2% in the 1st quarter. Private Trust Co. NA now owns 5,183 shares of the utilities provider’s stock worth $291,000 after buying an additional 393 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Dominion Energy by 226.9% in the 1st quarter. Teacher Retirement System of Texas now owns 161,777 shares of the utilities provider’s stock worth $9,071,000 after buying an additional 112,292 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in Dominion Energy by 15.7% in the 1st quarter. Checchi Capital Advisers LLC now owns 5,642 shares of the utilities provider’s stock worth $316,000 after buying an additional 767 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in Dominion Energy by 4.2% in the 1st quarter. OneDigital Investment Advisors LLC now owns 24,455 shares of the utilities provider’s stock worth $1,371,000 after buying an additional 995 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on D shares. BTIG Research started coverage on Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Evercore ISI started coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price target on the stock. Morgan Stanley raised their price target on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.78.

Dominion Energy Stock Performance

NYSE D opened at $58.73 on Monday. The firm has a market capitalization of $50.12 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.13 and a beta of 0.62. Dominion Energy Inc. has a 1-year low of $48.07 and a 1-year high of $62.52. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The business’s 50-day simple moving average is $60.22 and its 200-day simple moving average is $58.03.

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

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Investors of record on Friday, December 5th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, December 5th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Insider Activity at Dominion Energy

In related news, CEO Robert M. Blue bought 4,152 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the acquisition, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. This represents a 2.64% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

About Dominion Energy

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.