PBU The Pension Fund of Early Childhood & Youth Educators Acquires 30,721 Shares of Dominion Energy Inc. $D

PBU The Pension Fund of Early Childhood & Youth Educators grew its holdings in Dominion Energy Inc. (NYSE:D) by 8.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 375,831 shares of the utilities provider’s stock after buying an additional 30,721 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Dominion Energy were worth $22,745,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Werba Rubin Papier Wealth Management grew its stake in shares of Dominion Energy by 5.0% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 4,560 shares of the utilities provider’s stock valued at $276,000 after purchasing an additional 216 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Dominion Energy during the third quarter worth approximately $1,040,000. Terril Brothers Inc. purchased a new stake in shares of Dominion Energy during the third quarter worth approximately $403,000. Fifth Third Bancorp raised its stake in shares of Dominion Energy by 4.3% during the third quarter. Fifth Third Bancorp now owns 244,812 shares of the utilities provider’s stock worth $14,816,000 after purchasing an additional 10,027 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in shares of Dominion Energy by 12.7% during the third quarter. Maryland State Retirement & Pension System now owns 53,647 shares of the utilities provider’s stock worth $3,247,000 after purchasing an additional 6,052 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of D stock opened at $67.51 on Friday. The company has a market cap of $59.38 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 3.16 and a beta of 0.62. The stock has a 50 day simple moving average of $64.12 and a 200-day simple moving average of $65.14. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.46.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, October 30th. The utilities provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.21 by $0.07. Dominion Energy had a return on equity of 10.09% and a net margin of 13.99%. The business had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the firm earned $1.06 EPS. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. On average, equities analysts forecast that Dominion Energy Inc. will post 3.59 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 20th. Shareholders of record on Friday, December 4th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.0%. Dominion Energy’s dividend payout ratio (DPR) is 88.70%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on D. BMO Capital Markets lifted their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Barclays cut their price objective on shares of Dominion Energy from $69.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Morgan Stanley reduced their target price on shares of Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. TD Cowen raised shares of Dominion Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $80.00 in a report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $69.33.

More Dominion Energy News

These are some of the D news items that stood out recently:

• Neutral Sentiment: The proposed $67 billion Dominion–NextEra merger is drawing public feedback in South Carolina, including at a Public Service Commission hearing. The hearings are part of the review process; the reports do not indicate a decision on the deal. Article: Proposed $67B Dominion-NextEra merger prompts North Charleston customers to weigh in
• Negative Sentiment: Virginia Consumer Counsel has raised concerns about gaps in merger filings, including analysis of competitive effects and rate impacts, and whether customer protections would be enforceable. The criticism may complicate regulatory approval or require further review. Article: NextEra Energy draws fresh Virginia questions over merger consumer protections
• Negative Sentiment: Dominion is seeking another rate increase as lawmakers hold an energy town hall. While approval could support utility revenues, the request may heighten affordability concerns and public or regulatory resistance. Article: Dominion seeks another rate hike as lawmakers hold energy town hall

Dominion Energy Company Profile

Dominion Energy, Inc. (NYSE: D) is an energy company focused primarily on regulated electric and natural gas utility services. Its businesses generate, transmit and distribute electricity and deliver natural gas to residential, commercial and industrial customers. The company’s electric utility operations serve customers in Virginia and northeastern North Carolina, as well as parts of South Carolina through Dominion Energy South Carolina. Its power portfolio includes nuclear, natural gas, solar and other energy sources.