Dominion Energy Inc. $D Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of Dominion Energy Inc. (NYSE:D) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 985,668 shares of the utilities provider’s stock after selling 32,799 shares during the quarter. California State Teachers Retirement System’s holdings in Dominion Energy were worth $60,934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Dominion Energy by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock worth $6,274,975,000 after acquiring an additional 940,838 shares during the period. Capital Research Global Investors increased its holdings in shares of Dominion Energy by 9.0% in the fourth quarter. Capital Research Global Investors now owns 59,790,734 shares of the utilities provider’s stock valued at $3,503,142,000 after purchasing an additional 4,940,692 shares during the period. State Street Corp raised its stake in shares of Dominion Energy by 3.6% during the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock worth $2,848,662,000 after purchasing an additional 1,686,050 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after purchasing an additional 14,197,581 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Dominion Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 20,442,935 shares of the utilities provider’s stock worth $1,196,056,000 after purchasing an additional 314,932 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on D shares. Morgan Stanley lowered their price objective on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $65.00 to $76.00 in a report on Thursday, May 28th. BMO Capital Markets boosted their price target on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Finally, Royal Bank Of Canada increased their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $68.00.

Dominion Energy Price Performance

D stock opened at $69.70 on Friday. The firm has a 50 day moving average of $68.77 and a 200-day moving average of $64.77. The company has a market cap of $61.30 billion, a price-to-earnings ratio of 20.62 and a beta of 0.65. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Dominion Energy Inc. has a 12-month low of $55.85 and a 12-month high of $72.99.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The company’s revenue was up 23.1% compared to the same quarter last year. As a group, equities analysts expect that Dominion Energy Inc. will post 3.57 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Shareholders of record on Friday, September 4th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, September 4th. Dominion Energy’s payout ratio is presently 78.99%.

Trending Headlines about Dominion Energy

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Dominion plans to build a new gas-fired power plant at Mt. Storm, West Virginia. The project could strengthen generation capacity and support electricity demand from Virginia customers and the broader PJM grid. Dominion Energy to build new gas fired power plant at Mt. Storm
• Positive Sentiment: Growing power requirements from artificial-intelligence data centers are increasing the strategic value of utilities with generation assets in Virginia. NextEra Energy’s pending roughly $67 billion acquisition of Dominion highlights the potential value of Dominion’s position in Northern Virginia’s “Data Center Alley.” Powering Up: NextEra and Brookfield Build an Off-Grid Empire
• Positive Sentiment: Dominion declared a quarterly dividend of $0.6675 per share, payable September 20 to shareholders of record September 4. The indicated annual yield is approximately 3.8%, supporting the stock’s income appeal. Dominion Energy dividend announcement
• Neutral Sentiment: The aging U.S. power grid and accelerating electricity demand are driving investor interest in utilities and power infrastructure. This is a favorable industry backdrop, although the article is not a Dominion-specific announcement. Why an Aging Power Grid Is Fueling a New ETF Bet
• Neutral Sentiment: Dominion’s annual Christmas Parade will use a new route beginning at Children’s Hospital of Richmond, a community-relations item with little direct earnings impact. Dominion Energy Christmas Parade to begin at Children’s Hospital of Richmond
• Negative Sentiment: The Dominion–NextEra merger review is drawing additional scrutiny, which could increase regulatory uncertainty, delay closing or raise execution risks for investors. Dominion merger review draws new scrutiny
• Negative Sentiment: Some customers are reporting unusually high summer electricity bills, potentially creating political pressure, customer dissatisfaction and regulatory attention. Some Dominion Energy customers report unusually high summer power bills
• Negative Sentiment: Residents are challenging Dominion’s Fairfax County data-center proposal, adding another local approval risk to the company’s efforts to serve rapidly expanding data-center demand. Residents grill Dominion Energy over Fairfax County data center proposal

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.