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 Dominion Energy, Inc. (NYSE:D) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,505 shares of the utilities provider’s stock after selling 3,091 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Dominion Energy were worth $3,361,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Criterion Capital Advisors LLC purchased a new position in shares of Dominion Energy in the fourth quarter worth $29,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Dominion Energy during the 4th quarter valued at $30,000. Venturi Wealth Management LLC increased its position in Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares during the period. Janiczek Wealth Management LLC increased 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. Finally, Operose Advisors LLC increased its position in Dominion Energy by 60.3% during the 3rd quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 311 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $49.43 on Wednesday. The stock has a market cap of $41.40 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.35 and a beta of 0.60. The firm’s 50-day moving average is $51.49 and its 200 day moving average is $48.62. Dominion Energy, Inc. has a 1 year low of $39.18 and a 1 year high of $54.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. Dominion Energy’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 EPS. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.40%. The ex-dividend date is Friday, May 31st. Dominion Energy’s dividend payout ratio is currently 137.63%.

Wall Street Analyst Weigh In

D has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $43.00 to $54.00 in a research report on Friday, May 10th. Scotiabank reduced their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Wells Fargo & Company boosted their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Finally, Barclays dropped their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $51.73.

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.