Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Dominion Energy, Inc. (NYSE:DGet Rating) by 4.2% during the 1st quarter, Holdings Channel reports. The fund owned 57,157 shares of the utilities provider’s stock after selling 2,487 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Dominion Energy were worth $4,857,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ellis Investment Partners LLC purchased a new stake in shares of Dominion Energy during the 1st quarter worth approximately $25,000. DeDora Capital Inc. bought a new position in shares of Dominion Energy during the 1st quarter valued at approximately $27,000. Blume Capital Management Inc. bought a new position in shares of Dominion Energy during the 1st quarter valued at approximately $27,000. Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $30,000. Finally, Rather & Kittrell Inc. bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $31,000. 69.75% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.1 %

Shares of NYSE D opened at $80.82 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.86 and a quick ratio of 0.74. The stock has a market capitalization of $67.28 billion, a P/E ratio of 30.27, a price-to-earnings-growth ratio of 3.10 and a beta of 0.41. Dominion Energy, Inc. has a 1-year low of $70.37 and a 1-year high of $88.78. The business has a fifty day moving average price of $81.74 and a 200 day moving average price of $82.15.

Dominion Energy (NYSE:DGet Rating) last issued its quarterly earnings data on Monday, August 8th. The utilities provider reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Dominion Energy had a return on equity of 12.95% and a net margin of 15.09%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. Equities research analysts expect that Dominion Energy, Inc. will post 4.11 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Thursday, September 1st. Dominion Energy’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on D shares. Morgan Stanley boosted their target price on Dominion Energy from $84.00 to $92.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 23rd. Barclays cut their target price on Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Mizuho cut their price objective on Dominion Energy from $87.00 to $81.00 in a research report on Friday, July 15th. BMO Capital Markets upped their price objective on Dominion Energy from $87.00 to $91.00 and gave the company an “outperform” rating in a research report on Tuesday, August 9th. Finally, UBS Group cut their price objective on Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $86.29.

Dominion Energy Company Profile

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 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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