Louisiana State Employees Retirement System Buys New Position in Dominion Energy Inc. $D

Louisiana State Employees Retirement System purchased a new position in shares of Dominion Energy Inc. (NYSE:D) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 43,500 shares of the utilities provider’s stock, valued at approximately $2,689,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after acquiring an additional 3,553 shares during the period. Empowered Funds LLC grew its holdings in Dominion Energy by 8.3% in the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock worth $985,000 after purchasing an additional 1,344 shares during the period. Woodline Partners LP lifted its holdings in shares of Dominion Energy by 40.7% during the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after purchasing an additional 20,522 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Dominion Energy by 71.2% in the 1st quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after purchasing an additional 12,663 shares in the last quarter. Finally, Schnieders Capital Management LLC. grew its stake in shares of Dominion Energy by 9.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after buying an additional 10,775 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

D has been the topic of several analyst reports. Wells Fargo & Company boosted their target price on Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Wall Street Zen downgraded Dominion Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Morgan Stanley dropped their price target on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $65.00 to $76.00 in a research report on Thursday, May 28th. Finally, Bank of America raised their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $67.62.

Dominion Energy Trading Up 0.0%

Shares of NYSE:D opened at $69.40 on Monday. The stock’s 50-day simple moving average is $65.48 and its two-hundred day simple moving average is $62.83. The stock has a market capitalization of $61.03 billion, a price-to-earnings ratio of 20.53 and a beta of 0.65. Dominion Energy Inc. has a 52-week low of $55.14 and a 52-week high of $70.17. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, May 1st. The utilities provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Analysts expect that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, May 29th were paid a $0.6675 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.67 annualized dividend and a yield of 3.8%. Dominion Energy’s payout ratio is presently 78.99%.

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.