Dominion Energy, Inc. (NYSE:D) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Dominion Energy, Inc. (NYSE:D) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,007,196 shares of the utilities provider’s stock after selling 97,630 shares during the period. New York State Common Retirement Fund owned about 0.12% of Dominion Energy worth $47,338,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of D. Criterion Capital Advisors LLC purchased a new stake in Dominion Energy in the 4th quarter worth $29,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Dominion Energy during the 4th quarter worth about $30,000. FSC Wealth Advisors LLC lifted its stake in Dominion Energy by 149.6% in the 3rd quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider’s stock valued at $31,000 after buying an additional 410 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in 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 buying an additional 310 shares during the last quarter. Finally, Briaud Financial Planning Inc purchased a new stake in Dominion Energy during the 3rd quarter worth approximately $36,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

NYSE:D opened at $51.25 on Thursday. The company has a market capitalization of $42.93 billion, a P/E ratio of 22.00, a P/E/G ratio of 2.00 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.90. The stock’s fifty day moving average is $47.97 and its two-hundred day moving average is $46.28.

Dominion Energy (NYSE:D) last posted its 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). The company had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.06 EPS. Equities analysts expect that Dominion Energy, Inc. will post 2.84 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is 114.59%.

Insider Transactions at Dominion Energy

In other news, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Robert M. Blue acquired 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, 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 SEC, which can be accessed through this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction on Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Wells Fargo & Company lifted their target price on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Scotiabank reduced 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 report on Monday. Guggenheim lowered their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Finally, Mizuho cut their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.10.

Dominion Energy 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.