New York State Teachers Retirement System Has $35.68 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

New York State Teachers Retirement System decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 662,470 shares of the utilities provider’s stock after selling 33,795 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Dominion Energy worth $35,681,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Campbell Wealth Management boosted its stake in shares of Dominion Energy by 11.0% during the 4th quarter. Campbell Wealth Management now owns 12,111 shares of the utilities provider’s stock worth $652,000 after acquiring an additional 1,204 shares during the period. Asset Planning Inc bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $99,000. V Square Quantitative Management LLC boosted its stake in Dominion Energy by 5.7% in the 4th quarter. V Square Quantitative Management LLC now owns 12,191 shares of the utilities provider’s stock valued at $657,000 after purchasing an additional 655 shares during the period. First Merchants Corp boosted its stake in Dominion Energy by 8.9% in the 4th quarter. First Merchants Corp now owns 7,014 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 575 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in Dominion Energy by 18.3% in the 4th quarter. Vontobel Holding Ltd. now owns 7,969 shares of the utilities provider’s stock valued at $429,000 after purchasing an additional 1,235 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE:D opened at $55.58 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a fifty-two week low of $44.17 and a fifty-two week high of $61.97. The company has a market cap of $46.68 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.18 and a beta of 0.61. The stock has a fifty day moving average price of $54.43 and a 200-day moving average price of $56.27.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.80%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

Analyst Ratings Changes

Several research firms recently issued reports on D. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank boosted their price target on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.58.

About Dominion Energy

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.