California Public Employees Retirement System Decreases Stake in Dominion Energy Inc. $D

California Public Employees Retirement System lowered its position in shares of Dominion Energy Inc. (NYSE:D) by 15.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,181,996 shares of the utilities provider’s stock after selling 569,873 shares during the quarter. California Public Employees Retirement System’s holdings in Dominion Energy were worth $179,846,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Westside Investment Management Inc. increased its position in shares of Dominion Energy by 123.3% during the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 259 shares during the last quarter. AlphaQuest LLC bought a new position in Dominion Energy in the 1st quarter valued at $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at $32,000. Dagco Inc. bought a new stake in shares of Dominion Energy during the 1st quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Dominion Energy during the 2nd quarter worth $36,000. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. BMO Capital Markets dropped their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company began coverage on shares of Dominion Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dominion Energy in a report on Tuesday, December 2nd. Finally, Evercore ISI began coverage on 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. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $64.22.

Dominion Energy Price Performance

Shares of NYSE:D opened at $58.52 on Monday. The firm has a market capitalization of $49.98 billion, a PE ratio of 19.91, a P/E/G ratio of 1.68 and a beta of 0.70. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average price of $60.77 and a two-hundred day moving average price of $59.14. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.87.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, December 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.6%. Dominion Energy’s dividend payout ratio is currently 90.82%.

Dominion Energy 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.