Dominion Energy Inc. $D Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its position in Dominion Energy Inc. (NYSE:D) by 7.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 303,801 shares of the utilities provider’s stock after acquiring an additional 21,385 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dominion Energy were worth $18,584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in D. CoreFirst Bank & Trust acquired a new position in Dominion Energy during the 2nd quarter worth approximately $25,000. Westside Investment Management Inc. grew its holdings in Dominion Energy by 123.3% during the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 259 shares during the period. United Community Bank purchased a new position in Dominion Energy in the third quarter worth $29,000. Hanson & Doremus Investment Management acquired a new stake in Dominion Energy in the third quarter valued at $31,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Dominion Energy during the 2nd quarter worth $32,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on D. Wells Fargo & Company cut their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a report on Tuesday, October 28th. Morgan Stanley lifted their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Barclays lowered their price target on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Finally, BMO Capital Markets reduced their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average price target of $64.33.

Dominion Energy Price Performance

Shares of NYSE D opened at $66.46 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $66.79. The business has a 50 day moving average price of $60.07 and a two-hundred day moving average price of $60.38. The firm has a market cap of $56.76 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.80 and a beta of 0.71.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, February 27th. Dominion Energy’s payout ratio is 90.82%.

Dominion Energy Company 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.