Dominion Energy, Inc. (NYSE:D) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in Dominion Energy, Inc. (NYSE:D) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,832,496 shares of the utilities provider’s stock after selling 26,519 shares during the quarter. California Public Employees Retirement System owned approximately 0.46% of Dominion Energy worth $206,418,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of D. Cape Investment Advisory Inc. lifted its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy during the fourth quarter worth approximately $27,000. Fairway Wealth LLC purchased a new stake in Dominion Energy in the 4th quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 260 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on D shares. Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Argus raised shares of Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Thirteen analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $57.58.

Dominion Energy Stock Up 0.9 %

NYSE D opened at $54.98 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a fifty-two week low of $46.62 and a fifty-two week high of $61.97. The business has a 50 day moving average price of $55.17 and a two-hundred day moving average price of $56.18. The stock has a market cap of $46.85 billion, a PE ratio of 20.36, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. Dominion Energy’s dividend payout ratio (DPR) is presently 98.89%.

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.