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

State of New Jersey Common Pension Fund D lifted its position in Dominion Energy Inc. (NYSE:D) by 7.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 303,801 shares of the utilities provider’s stock after purchasing an additional 21,385 shares during the quarter. 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.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position 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 buying an additional 14,715,895 shares during the period. State Street Corp grew its stake in shares of Dominion Energy by 2.9% in 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 buying an additional 1,313,621 shares in the last quarter. Geode Capital Management LLC lifted its stake in Dominion Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock worth $1,112,697,000 after acquiring an additional 575,350 shares in the last quarter. Norges Bank purchased a new position in Dominion Energy during the 2nd quarter valued at about $566,924,000. Finally, Legal & General Group Plc grew its position in Dominion Energy by 5.4% in the 2nd quarter. Legal & General Group Plc now owns 7,669,476 shares of the utilities provider’s stock valued at $433,479,000 after acquiring an additional 394,158 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE D opened at $66.46 on Monday. The stock has a market cap of $56.76 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.80 and a beta of 0.71. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $66.79. The stock has a 50 day moving average of $60.07 and a two-hundred day moving average of $60.38. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41.

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 issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on D. BMO Capital Markets reduced their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. TD Cowen initiated coverage on Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 price objective for the company. Barclays lowered their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Morgan Stanley raised their price target on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price objective on shares of Dominion Energy in a report on Tuesday, October 28th. Three investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $64.33.

About Dominion Energy

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.