New York State Teachers Retirement System Buys 4,698 Shares of Dominion Energy Inc. $D

Key Points

• The New York State Teachers Retirement System increased its stake in Dominion Energy Inc. by 0.7%, now owning 647,467 shares worth approximately $36,595,000.
• Dominion Energy recently announced a quarterly dividend of $0.6675 per share, yielding approximately 4.4% annually, reflecting a high payout ratio of 92.07%.
• Several brokerages have issued varying target prices for Dominion Energy, with Barclays setting a new target of $63.00 and others maintaining hold ratings, indicating a mixed outlook for the stock.

New York State Teachers Retirement System raised its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 647,467 shares of the utilities provider's stock after purchasing an additional 4,698 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Dominion Energy worth $36,595,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC bought a new position in shares of Dominion Energy during the 1st quarter worth about $27,000. VSM Wealth Advisory LLC bought a new position in shares of Dominion Energy during the 1st quarter worth about $28,000. Dagco Inc. bought a new position in shares of Dominion Energy during the 1st quarter worth about $31,000. N.E.W. Advisory Services LLC bought a new position in shares of Dominion Energy during the 1st quarter worth about $34,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Dominion Energy during the 1st quarter valued at about $34,000. Institutional investors own 73.04% of the company's stock.

Insider Activity

In related news, CEO Robert M. Blue bought 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The shares were bought at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the transaction, the chief executive officer owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on D. Evercore ISI began coverage on shares of Dominion Energy in a research report on Tuesday, October 7th. They set an "in-line" rating and a $67.00 target price on the stock. Barclays lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Finally, Morgan Stanley decreased their target price on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $62.00.

Dominion Energy Price Performance

NYSE:D opened at $60.65 on Friday. The firm has a market cap of $51.76 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.34 and a beta of 0.62. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $62.52. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The company's 50-day moving average price is $60.46 and its two-hundred day moving average price is $57.37.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. Dominion Energy's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities analysts anticipate that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

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

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.

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