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

California Public Employees Retirement System lowered its stake in shares of Dominion Energy, Inc. (NYSE:D) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,014,563 shares of the utilities provider’s stock after selling 91,612 shares during the period. California Public Employees Retirement System’s holdings in Dominion Energy were worth $235,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Criterion Capital Advisors LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Dominion Energy during the 4th quarter valued at $30,000. Venturi Wealth Management LLC grew its holdings in shares of Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares during the last quarter. FSC Wealth Advisors LLC grew its holdings in Dominion Energy by 149.6% during the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 410 shares during the last quarter. Finally, Janiczek Wealth Management LLC lifted its position in Dominion Energy by 20,100.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 804 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

D stock traded up $0.05 during trading on Tuesday, reaching $50.68. The stock had a trading volume of 616,320 shares, compared to its average volume of 5,331,285. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.90. The stock’s 50 day moving average is $47.71 and its two-hundred day moving average is $46.18. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The firm has a market cap of $42.45 billion, a PE ratio of 21.73, a PEG ratio of 1.96 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the firm posted $1.06 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, equities analysts anticipate that Dominion Energy, Inc. will post 2.86 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.27%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio is currently 114.59%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on D shares. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Scotiabank dropped their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday. Wells Fargo & Company boosted their price target on Dominion Energy from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Mizuho dropped their price target on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Finally, Guggenheim decreased their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $50.00.

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.