Dominion Energy Inc. (NYSE:D) Shares Acquired by Public Sector Pension Investment Board

Key Points

• Public Sector Pension Investment Board increased its stake in Dominion Energy by 3.1%, holding 224,574 shares worth approximately $12.59 million.
• Dominion Energy reported $0.75 earnings per share for the last quarter, missing the consensus estimate and showing a revenue increase of 9.3% compared to last year.
• The company recently declared a quarterly dividend of $0.6675, which results in an annualized yield of 4.4% based on a payout ratio of 92.07%.

Public Sector Pension Investment Board grew its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 224,574 shares of the utilities provider's stock after acquiring an additional 6,652 shares during the quarter. Public Sector Pension Investment Board's holdings in Dominion Energy were worth $12,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in D. Cadence Bank raised its stake in shares of Dominion Energy by 2.0% in the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after buying an additional 189 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Dominion Energy by 3.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock worth $338,000 after acquiring an additional 193 shares in the last quarter. Centre Asset Management LLC boosted its stake in shares of Dominion Energy by 3.3% during the 1st quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock worth $350,000 after acquiring an additional 198 shares in the last quarter. Cornerstone Wealth Group LLC boosted its stake in shares of Dominion Energy by 1.1% during the 1st quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock worth $1,022,000 after acquiring an additional 202 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in Dominion Energy by 4.6% during the 1st quarter. Verdence Capital Advisors LLC now owns 4,688 shares of the utilities provider's stock valued at $263,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Down 0.1%

Shares of NYSE:D traded down $0.07 during trading hours on Friday, hitting $61.11. The company's stock had a trading volume of 6,542,755 shares, compared to its average volume of 5,353,466. The firm's fifty day moving average price is $57.61 and its 200 day moving average price is $55.80. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.26. The company has a market capitalization of $52.15 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.35 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm's revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. As a group, research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, September 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy's dividend payout ratio is presently 92.07%.

Wall Street Analyst Weigh In

A number of brokerages have commented on D. Morgan Stanley decreased their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $59.14.

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.