California Public Employees Retirement System Trims Position in Dominion Energy Inc. $D

California Public Employees Retirement System lowered its position in Dominion Energy Inc. (NYSE:D) by 26.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,341,591 shares of the utilities provider’s stock after selling 840,405 shares during the quarter. California Public Employees Retirement System owned about 0.27% of Dominion Energy worth $143,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AustralianSuper Pty Ltd grew its stake in shares of Dominion Energy by 1,785.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock valued at $31,753,000 after buying an additional 491,574 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Dominion Energy by 6.9% in the second quarter. Rockefeller Capital Management L.P. now owns 186,885 shares of the utilities provider’s stock valued at $10,563,000 after acquiring an additional 12,041 shares during the last quarter. Kera Capital Partners Inc. acquired a new position in Dominion Energy in the third quarter valued at approximately $3,574,000. Vanguard Group Inc. grew its position in Dominion Energy by 16.2% in the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock worth $5,979,551,000 after acquiring an additional 14,715,895 shares during the period. Finally, Virtus Advisers LLC acquired a new stake in Dominion Energy during the second quarter worth $240,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on D. Scotiabank upped their price target on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. cut their price objective on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research report on Thursday, December 11th. TD Cowen initiated coverage on shares of Dominion Energy in a report on Friday, January 9th. They issued a “hold” rating and a $65.00 price objective on the stock. Weiss Ratings raised shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Finally, Wells Fargo & Company lowered their target price on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.73.

Dominion Energy Trading Up 0.6%

D opened at $63.20 on Monday. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $67.57. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $62.02 and a 200-day simple moving average of $60.77. The firm has a market cap of $55.54 billion, a P/E ratio of 18.37, a P/E/G ratio of 1.71 and a beta of 0.71.

Dominion Energy (NYSE:D) last posted its earnings results on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the company earned $0.58 EPS. Dominion Energy’s revenue was up 20.4% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities analysts expect that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 27th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 annualized dividend and a dividend yield of 4.2%. Dominion Energy’s dividend payout ratio (DPR) is presently 77.62%.

Dominion Energy 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.