Oregon Public Employees Retirement Fund Acquires 23,976 Shares of Dominion Energy Inc. $D

Oregon Public Employees Retirement Fund increased its holdings in Dominion Energy Inc. (NYSE:D) by 32.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 97,593 shares of the utilities provider’s stock after buying an additional 23,976 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Dominion Energy were worth $5,970,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Dominion Energy by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after acquiring an additional 14,715,895 shares during the last quarter. State Street Corp raised its holdings in shares of Dominion Energy by 2.9% during the second quarter. State Street Corp now owns 46,341,408 shares of the utilities provider’s stock valued at $2,619,216,000 after purchasing an additional 1,313,621 shares during the last quarter. Geode Capital Management LLC lifted its position in Dominion Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock valued at $1,112,697,000 after purchasing an additional 575,350 shares during the period. Norges Bank purchased a new stake in Dominion Energy in the second quarter worth approximately $566,924,000. Finally, Legal & General Group Plc boosted its holdings in Dominion Energy by 5.4% in the second quarter. Legal & General Group Plc now owns 7,669,476 shares of the utilities provider’s stock worth $433,479,000 after purchasing an additional 394,158 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $57.96 on Friday. The stock has a market cap of $49.50 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.57 and a beta of 0.72. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The stock’s fifty day moving average is $59.76 and its 200 day moving average is $59.65. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.87.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. The business’s quarterly revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, December 20th. Investors of record on Friday, December 5th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, December 5th. Dominion Energy’s dividend payout ratio is currently 90.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on D. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Monday, December 29th. BTIG Research initiated coverage on Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating for the company. JPMorgan Chase & Co. lowered their target price on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a report on Thursday, December 11th. Morgan Stanley raised their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Barclays upped their price target on shares of Dominion Energy from $63.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average price target of $64.78.

Dominion Energy Profile

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.