New York State Common Retirement Fund Grows Position in Dominion Energy, Inc. (NYSE:D)

New York State Common Retirement Fund increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 991,155 shares of the utilities provider’s stock after purchasing an additional 16,200 shares during the period. New York State Common Retirement Fund’s holdings in Dominion Energy were worth $57,279,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in Dominion Energy in the 2nd quarter valued at about $27,000. LRI Investments LLC purchased a new stake in Dominion Energy in the 1st quarter valued at about $32,000. Reston Wealth Management LLC purchased a new stake in Dominion Energy in the 3rd quarter valued at about $36,000. Triad Wealth Partners LLC purchased a new stake in Dominion Energy in the 2nd quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Dominion Energy in the 2nd quarter valued at about $35,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.9 %

NYSE D opened at $58.99 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The firm has a market cap of $49.49 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.58 and a beta of 0.59. The company has a 50 day moving average price of $57.87 and a 200 day moving average price of $54.05. Dominion Energy, Inc. has a 52 week low of $40.44 and a 52 week high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the business posted $0.53 EPS. Dominion Energy’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.53%. Dominion Energy’s payout ratio is 140.53%.

Wall Street Analyst Weigh In

Several research firms have issued reports on D. Scotiabank boosted 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. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Barclays upped their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Finally, BMO Capital Markets upped their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average 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.