New York State Common Retirement Fund Has $57.28 Million Stake in Dominion Energy, Inc. (NYSE:D)

New York State Common Retirement Fund grew its position in Dominion Energy, Inc. (NYSE:D) by 1.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 991,155 shares of the utilities provider’s stock after acquiring an additional 16,200 shares during the period. New York State Common Retirement Fund owned 0.12% of Dominion Energy worth $57,279,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in shares of Dominion Energy by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 90,781 shares of the utilities provider’s stock valued at $4,465,000 after purchasing an additional 435 shares during the last quarter. Norden Group LLC purchased a new stake in Dominion Energy during the first quarter worth about $1,463,000. First Trust Direct Indexing L.P. increased its holdings in Dominion Energy by 30.1% during the first quarter. First Trust Direct Indexing L.P. now owns 25,131 shares of the utilities provider’s stock worth $1,236,000 after buying an additional 5,812 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in Dominion Energy by 7.5% during the first quarter. J.W. Cole Advisors Inc. now owns 14,435 shares of the utilities provider’s stock worth $710,000 after buying an additional 1,003 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Dominion Energy by 17.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,020 shares of the utilities provider’s stock worth $7,523,000 after purchasing an additional 22,982 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE D opened at $58.99 on Friday. The firm’s fifty day moving average is $57.87 and its two-hundred day moving average is $54.05. Dominion Energy, Inc. has a 52-week low of $40.44 and a 52-week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The company has a market cap of $49.49 billion, a P/E ratio of 31.05, a P/E/G ratio of 1.58 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the firm posted $0.53 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.53%. Dominion Energy’s dividend payout ratio (DPR) is presently 140.53%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on D. Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, BMO Capital Markets lifted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus price target of $55.40.

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.