Dominion Energy Inc. (NYSE:D) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,021,955 shares of the utilities provider's stock after purchasing an additional 30,600 shares during the quarter. New York State Common Retirement Fund owned about 0.12% of Dominion Energy worth $57,301,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in D. Kayne Anderson Rudnick Investment Management LLC raised its position in Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 378 shares during the period. Orion Capital Management LLC purchased a new position in Dominion Energy in the fourth quarter valued at about $27,000. Park Square Financial Group LLC purchased a new position in Dominion Energy in the fourth quarter valued at about $27,000. CBIZ Investment Advisory Services LLC raised its position in Dominion Energy by 100.4% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 260 shares during the period. Finally, Navigoe LLC purchased a new position in Dominion Energy in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on D shares. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. UBS Group raised their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, Morgan Stanley lowered their target price on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $58.38.

Dominion Energy Stock Down 1.3%

NYSE:D opened at $57.38 on Monday. The company has a market capitalization of $48.94 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $61.97. The stock has a 50-day simple moving average of $55.84 and a 200 day simple moving average of $54.95. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same period last year, the firm earned $0.55 earnings per share. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Thursday, May 29th were issued a dividend of $0.6675 per share. The ex-dividend date was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.65%. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

About Dominion Energy

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.

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