Kentucky Retirement Systems Has $3.10 Million Stake in Dominion Energy, Inc. (NYSE:D)

Kentucky Retirement Systems decreased its stake in Dominion Energy, Inc. (NYSE:D) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,165 shares of the utilities provider’s stock after selling 384 shares during the quarter. Kentucky Retirement Systems’ holdings in Dominion Energy were worth $3,095,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of D. Jump Financial LLC acquired a new stake in Dominion Energy in the 4th quarter valued at $266,000. Dimensional Fund Advisors LP boosted its stake in Dominion Energy by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,954,284 shares of the utilities provider’s stock worth $91,853,000 after purchasing an additional 361,545 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Dominion Energy by 7.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 14,752 shares of the utilities provider’s stock worth $693,000 after purchasing an additional 1,015 shares in the last quarter. Clearbridge Investments LLC acquired a new position in Dominion Energy in the fourth quarter worth $217,000. Finally, Corient Private Wealth LLC boosted its stake in Dominion Energy by 12.5% in the fourth quarter. Corient Private Wealth LLC now owns 298,788 shares of the utilities provider’s stock worth $14,043,000 after purchasing an additional 33,174 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on D shares. Scotiabank boosted their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets boosted their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $54.11.

Dominion Energy Trading Up 0.2 %

D stock opened at $57.50 on Friday. The company has a market cap of $48.24 billion, a P/E ratio of 29.64, a PEG ratio of 1.57 and a beta of 0.60. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $58.94. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The business has a fifty day moving average of $55.11 and a 200-day moving average of $51.87.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.64%. Dominion Energy’s dividend payout ratio is presently 137.63%.

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.