Louisiana State Employees Retirement System Lowers Stock Holdings in Dominion Energy Inc. $D

Louisiana State Employees Retirement System reduced its stake in shares of Dominion Energy Inc. (NYSE:D) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,000 shares of the utilities provider’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Dominion Energy were worth $2,543,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Patton Fund Management Inc. purchased a new position in shares of Dominion Energy during the 2nd quarter worth about $235,000. Sowell Financial Services LLC purchased a new stake in shares of Dominion Energy during the 1st quarter valued at $314,000. QRG Capital Management Inc. grew its stake in shares of Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider’s stock valued at $503,000 after buying an additional 1,087 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Dominion Energy by 114.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider’s stock valued at $680,000 after buying an additional 6,462 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Dominion Energy by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider’s stock valued at $527,000 after buying an additional 616 shares during the period. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Dominion Energy stock opened at $60.92 on Friday. The stock’s 50 day moving average price is $60.46 and its 200 day moving average price is $57.19. The firm has a market capitalization of $51.99 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.46.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, sell-side analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Stockholders of record on Friday, September 5th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is currently 92.07%.

Wall Street Analyst Weigh In

D has been the subject of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday. Morgan Stanley lowered their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Evercore ISI assumed coverage on shares of Dominion Energy in a research note on Tuesday. They set an “in-line” rating and a $67.00 price objective for the company. Finally, Barclays upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.00.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the stock in a transaction dated Wednesday, August 27th. The stock was bought at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares of the company’s stock, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.

Dominion Energy Company 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.