California State Teachers Retirement System reduced its position in Dominion Energy Inc (NYSE:D) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,094,346 shares of the utilities provider’s stock after selling 2,963 shares during the period. California State Teachers Retirement System’s holdings in Dominion Energy were worth $88,708,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. Fieldpoint Private Securities LLC bought a new position in shares of Dominion Energy in the 3rd quarter worth $966,000. Atria Investments LLC boosted its position in shares of Dominion Energy by 12.5% in the 4th quarter. Atria Investments LLC now owns 27,879 shares of the utilities provider’s stock worth $2,260,000 after purchasing an additional 3,092 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Dominion Energy by 4.0% in the 4th quarter. APG Asset Management N.V. now owns 892,242 shares of the utilities provider’s stock worth $60,231,000 after purchasing an additional 34,000 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd boosted its position in shares of Dominion Energy by 73.3% in the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 15,600 shares of the utilities provider’s stock worth $1,265,000 after purchasing an additional 6,600 shares during the last quarter. Finally, Sawyer & Company Inc bought a new position in shares of Dominion Energy in the 4th quarter worth $587,000. 65.33% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on the company. Morgan Stanley raised their price target on Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price target on the stock in a research report on Thursday, December 14th. Bank of America upgraded Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. UBS Group assumed coverage on Dominion Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $82.09.
Dominion Energy Inc (D) opened at $72.97 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.30 and a current ratio of 0.45. The firm has a market capitalization of $47,476.61, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.55 and a beta of 0.23. Dominion Energy Inc has a twelve month low of $71.91 and a twelve month high of $85.30.
Dominion Energy (NYSE:D) last posted its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.47 billion. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. equities analysts predict that Dominion Energy Inc will post 4.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, March 1st. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a yield of 4.58%. Dominion Energy’s payout ratio is currently 68.02%.
COPYRIGHT VIOLATION WARNING: This news story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/3258869/california-state-teachers-retirement-system-lowers-stake-in-dominion-energy-inc-d.html.
Dominion Energy Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
Want to see what other hedge funds are holding D? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Inc (NYSE:D).
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.