Public Sector Pension Investment Board Has $10.98 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Public Sector Pension Investment Board boosted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 189,918 shares of the utilities provider’s stock after buying an additional 4,700 shares during the period. Public Sector Pension Investment Board’s holdings in Dominion Energy were worth $10,975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of D. Tidal Investments LLC increased its holdings in shares of Dominion Energy by 9.6% in the 1st quarter. Tidal Investments LLC now owns 35,938 shares of the utilities provider’s stock valued at $1,768,000 after purchasing an additional 3,138 shares during the period. Comerica Bank increased its holdings in shares of Dominion Energy by 1.9% in the 1st quarter. Comerica Bank now owns 193,108 shares of the utilities provider’s stock valued at $9,499,000 after purchasing an additional 3,628 shares during the period. Citizens Financial Group Inc. RI acquired a new position in shares of Dominion Energy in the 1st quarter valued at about $218,000. LRI Investments LLC acquired a new position in shares of Dominion Energy in the 1st quarter valued at about $30,000. Finally, Atria Investments Inc increased its holdings in shares of Dominion Energy by 17.1% in the 1st quarter. Atria Investments Inc now owns 110,717 shares of the utilities provider’s stock valued at $5,446,000 after purchasing an additional 16,160 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on D. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. BMO Capital Markets raised their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Barclays raised their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.91.

Dominion Energy Trading Up 1.0 %

Shares of D stock opened at $59.70 on Friday. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average is $58.18 and its two-hundred day moving average is $54.99. The company has a market cap of $50.15 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.59 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. Equities analysts predict that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.47%. Dominion Energy’s payout ratio is 93.68%.

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.