Public Employees Retirement Association of Colorado Trims Stake in Dominion Energy, Inc. (NYSE:D)

Public Employees Retirement Association of Colorado lessened its holdings in Dominion Energy, Inc. (NYSE:D) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 116,860 shares of the utilities provider’s stock after selling 4,605 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Dominion Energy were worth $5,726,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in D. Family Firm Inc. bought a new stake in Dominion Energy during the second quarter valued at approximately $27,000. Rise Advisors LLC bought a new stake in shares of Dominion Energy during the 1st quarter worth $30,000. LRI Investments LLC purchased a new position in Dominion Energy in the first quarter worth $30,000. Triad Wealth Partners LLC bought a new position in Dominion Energy in the second quarter valued at $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Dominion Energy during the second quarter valued at about $35,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $57.93 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The company has a market cap of $48.52 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 1.57 and a beta of 0.60. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $58.94. The company has a 50-day moving average price of $55.23 and a 200-day moving average price of $52.02.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Friday, August 30th. Dominion Energy’s payout ratio is currently 137.63%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Scotiabank upped their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets increased their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday. They issued a “hold” rating and a $58.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $54.50.

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.