Dominion Energy Inc. $D Stock Position Raised by New York State Common Retirement Fund

New York State Common Retirement Fund grew its holdings in Dominion Energy Inc. (NYSE:D) by 0.3% in the second quarter, Holdings Channel.com reports. The firm owned 1,024,874 shares of the utilities provider’s stock after purchasing an additional 2,919 shares during the period. New York State Common Retirement Fund’s holdings in Dominion Energy were worth $57,926,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in D. AlphaQuest LLC purchased a new position in Dominion Energy in the first quarter valued at about $27,000. Westside Investment Management Inc. grew its position in shares of Dominion Energy by 123.3% in the second 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 last quarter. Dagco Inc. bought a new position in Dominion Energy in the 1st quarter worth approximately $31,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Dominion Energy in the 2nd quarter valued at $36,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Dominion Energy during the second quarter worth about $39,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

D has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Wells Fargo & Company initiated coverage on Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price for the company. Evercore ISI initiated coverage on shares of Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 price objective on the stock. Finally, Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $64.22.

Dominion Energy Stock Down 0.1%

NYSE:D opened at $62.51 on Friday. The stock has a 50-day simple moving average of $60.83 and a 200 day simple moving average of $58.98. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The company has a market cap of $53.38 billion, a PE ratio of 21.55, a PEG ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.87.

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

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be paid a $0.6675 dividend. The ex-dividend date is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

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.