California Public Employees Retirement System Sells 569,873 Shares of Dominion Energy Inc. $D

California Public Employees Retirement System lowered its holdings in shares of Dominion Energy Inc. (NYSE:D) by 15.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,181,996 shares of the utilities provider’s stock after selling 569,873 shares during the period. California Public Employees Retirement System owned approximately 0.37% of Dominion Energy worth $179,846,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in D. SPC Financial Inc. grew its position in shares of Dominion Energy by 1.4% during the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock worth $688,000 after buying an additional 172 shares during the period. Maridea Wealth Management LLC lifted its position in shares of Dominion Energy by 2.1% during the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 183 shares during the period. Quotient Wealth Partners LLC lifted its position in shares of Dominion Energy by 2.4% during the 2nd quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 184 shares during the period. Empirical Finance LLC boosted its stake in Dominion Energy by 0.6% during the second quarter. Empirical Finance LLC now owns 29,240 shares of the utilities provider’s stock worth $1,653,000 after acquiring an additional 186 shares in the last quarter. Finally, Private Client Services LLC grew its holdings in Dominion Energy by 3.1% in the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 188 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Down 2.2%

D opened at $58.52 on Monday. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.87. 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 debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. The company’s 50-day moving average is $60.77 and its 200 day moving average is $59.14.

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

Dominion Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on D shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dominion Energy in a report on Tuesday, December 2nd. Evercore ISI initiated coverage on Dominion Energy in a research note on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price for the company. Wells Fargo & Company began coverage on Dominion Energy in a research note on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a report on Thursday, August 21st. Finally, BMO Capital Markets reduced their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $64.22.

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.