Public Employees Retirement System of Ohio Takes Position in Dominion Energy Inc. $D

Key Points

• Public Employees Retirement System of Ohio acquired 335,148 Dominion Energy shares worth approximately $22.9 million, while institutional investors collectively own 73.04% of the company.
• Dominion Energy reported quarterly EPS of $0.79, exceeding the $0.68 analyst consensus, while revenue rose 17.6% year over year to $4.48 billion.
• The company declared a quarterly dividend of $0.6675, equivalent to an annualized $2.67 payout and a 4.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $69.93.

Public Employees Retirement System of Ohio purchased a new position in shares of Dominion Energy Inc. (NYSE:D - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 335,148 shares of the utilities provider's stock, valued at approximately $22,887,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth approximately $25,000. Triumph Capital Management bought a new position in shares of Dominion Energy in the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC purchased a new position in shares of Dominion Energy in the 2nd quarter worth about $31,000. Beacon Financial Strategies CORP increased its position in Dominion Energy by 269.2% in the second quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider's stock worth $33,000 after buying an additional 350 shares during the last quarter. Finally, Blueline Advisors LLC purchased a new stake in Dominion Energy in the fourth quarter worth $28,000. Institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Down 1.5%

D stock opened at $65.50 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $57.61 billion, a PE ratio of 22.82 and a beta of 0.65. Dominion Energy Inc. has a twelve month low of $55.85 and a twelve month high of $72.99. The stock has a 50-day simple moving average of $69.03 and a two-hundred day simple moving average of $65.78.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities analysts predict that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 4th. Dominion Energy's dividend payout ratio (DPR) is presently 93.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Jefferies Financial Group raised Dominion Energy from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $65.00 to $76.00 in a report on Thursday, May 28th. Mizuho increased their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 26th. Seaport Research Partners lowered shares of Dominion Energy from a "buy" rating to a "hold" rating in a research report on Wednesday, May 20th. TD Cowen upgraded shares of Dominion Energy from a "hold" rating to a "buy" rating and upped their price target for the company from $69.00 to $80.00 in a research note on Wednesday, August 19th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dominion Energy in a report on Wednesday, August 19th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average target price of $69.93.

About Dominion Energy

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.

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