Maryland State Retirement & Pension System Has $3.06 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Maryland State Retirement & Pension System raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,060 shares of the utilities provider’s stock after acquiring an additional 1,218 shares during the period. Maryland State Retirement & Pension System’s holdings in Dominion Energy were worth $3,058,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in Dominion Energy by 631.2% in the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after buying an additional 14,105,237 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Dominion Energy by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. Magellan Asset Management Ltd increased its position in shares of Dominion Energy by 53.1% during the 3rd quarter. Magellan Asset Management Ltd now owns 4,472,803 shares of the utilities provider’s stock worth $199,800,000 after purchasing an additional 1,551,611 shares in the last quarter. Federated Hermes Inc. boosted its position in Dominion Energy by 12.0% in the third quarter. Federated Hermes Inc. now owns 7,536,507 shares of the utilities provider’s stock valued at $336,656,000 after buying an additional 805,570 shares in the last quarter. Finally, Morgan Stanley grew its stake in Dominion Energy by 12.8% during the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after buying an additional 803,341 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

D has been the topic of a number of research analyst reports. Barclays decreased their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Bank of America raised their target price on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, April 23rd. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Scotiabank dropped their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Finally, BMO Capital Markets increased their price objective on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.73.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue bought 21,735 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the transaction, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now owns 8,417 shares in the company, valued at $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was bought 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 directly owns 176,240 shares of the company’s stock, 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 Trading Up 1.4 %

Shares of D stock traded up $0.71 on Tuesday, reaching $52.12. The company had a trading volume of 3,526,167 shares, compared to its average volume of 5,218,459. The stock has a market cap of $43.66 billion, a PE ratio of 26.50, a PEG ratio of 3.43 and a beta of 0.59. The company has a 50-day moving average of $48.76 and a 200-day moving average of $46.83. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $57.27.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same period last year, the firm posted $0.99 earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

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.