California Public Employees Retirement System grew its stake in shares of Dominion Energy Inc. (NYSE:D) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,582,873 shares of the utilities provider’s stock after purchasing an additional 64,078 shares during the quarter. California Public Employees Retirement System owned 0.25% of Dominion Energy worth $121,770,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. WINTON GROUP Ltd acquired a new position in shares of Dominion Energy in the second quarter worth about $1,115,000. Verition Fund Management LLC acquired a new position in shares of Dominion Energy in the second quarter worth about $995,000. Shell Asset Management Co. lifted its stake in shares of Dominion Energy by 64.7% in the third quarter. Shell Asset Management Co. now owns 343,550 shares of the utilities provider’s stock worth $23,736,000 after acquiring an additional 134,951 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Dominion Energy by 27.5% in the second quarter. Westwood Holdings Group Inc. now owns 7,769 shares of the utilities provider’s stock worth $595,000 after acquiring an additional 1,674 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Dominion Energy in the second quarter worth about $528,000. Institutional investors own 64.60% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE:D) traded down $0.78 during mid-day trading on Tuesday, reaching $80.28. The company had a trading volume of 2,111,500 shares, compared to its average volume of 2,755,400. Dominion Energy Inc. has a 1-year low of $70.87 and a 1-year high of $85.30. The company has a market cap of $51,660.00, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 3.99 and a beta of 0.29. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. sell-side analysts forecast that Dominion Energy Inc. will post 3.6 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st were paid a dividend of $0.77 per share. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Thursday, November 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 90.86%.
Several brokerages have issued reports on D. National Bank Financial cut Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research note on Wednesday, October 4th. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective on the stock in a research note on Thursday, December 14th. Gabelli restated a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. Goldman Sachs Group reaffirmed a “neutral” rating and set a $78.00 target price on shares of Dominion Energy in a report on Thursday, September 14th. Finally, Morgan Stanley upped their target price on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $81.50.
In other Dominion Energy news, Director John W. Harris sold 5,616 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the transaction, the director now directly owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “California Public Employees Retirement System Buys 64,078 Shares of Dominion Energy Inc. (D)” was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.truebluetribune.com/2018/01/03/california-public-employees-retirement-system-raises-position-in-dominion-energy-inc-d.html.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.