Public Employees Retirement System of Ohio Lowers Position in Dominion Energy, Inc. (NYSE:D)

Public Employees Retirement System of Ohio lowered its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 360,643 shares of the utilities provider's stock after selling 13,054 shares during the period. Public Employees Retirement System of Ohio's holdings in Dominion Energy were worth $19,424,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Dominion Energy by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock valued at $4,821,222,000 after purchasing an additional 674,859 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after purchasing an additional 1,459,926 shares during the last quarter. JPMorgan Chase & Co. grew its position in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after purchasing an additional 1,222,688 shares during the last quarter. Geode Capital Management LLC grew its position in Dominion Energy by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after purchasing an additional 601,900 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Dominion Energy by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after purchasing an additional 1,068,996 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group increased their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 price objective (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, Morgan Stanley dropped their price objective on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $58.63.

Dominion Energy Price Performance

Shares of Dominion Energy stock traded down $0.77 on Wednesday, hitting $55.96. 6,770,756 shares of the company traded hands, compared to its average volume of 4,539,384. The stock has a market capitalization of $47.72 billion, a P/E ratio of 20.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The business has a 50-day simple moving average of $54.19 and a 200 day simple moving average of $54.99.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. Research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is 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.