Dominion Energy, Inc. (NYSE:D) Shares Purchased by State of Michigan Retirement System

State of Michigan Retirement System lifted its position in Dominion Energy, Inc. (NYSE:DFree Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,867 shares of the utilities provider’s stock after purchasing an additional 13,500 shares during the period. State of Michigan Retirement System’s holdings in Dominion Energy were worth $11,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Pacific Center for Financial Services acquired a new position in Dominion Energy during the first quarter worth $28,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Dominion Energy during the fourth quarter worth $30,000. FSC Wealth Advisors LLC grew its holdings in shares of Dominion Energy by 149.6% during the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after buying an additional 410 shares in the last quarter. Covestor Ltd grew its holdings in shares of Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after buying an additional 131 shares in the last quarter. Finally, Live Oak Investment Partners purchased a new stake in shares of Dominion Energy during the fourth quarter worth $34,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Joseph M. Rigby acquired 2,130 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $48.71 on Wednesday. The firm has a market capitalization of $40.80 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.01 and a beta of 0.61. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $58.69. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The firm’s 50 day moving average is $46.62 and its two-hundred day moving average is $45.85.

Dominion Energy (NYSE:DGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 earnings per share. Research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were given a dividend of $0.6675 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.48%. Dominion Energy’s dividend payout ratio (DPR) is presently 114.59%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a report on Monday, March 11th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Guggenheim reduced their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Mizuho reduced their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Finally, Scotiabank reduced their price target on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $49.90.

Check Out Our Latest Stock Analysis on Dominion Energy

About Dominion Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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