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

Louisiana State Employees Retirement System lessened its stake in Dominion Energy, Inc. (NYSE:D) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,200 shares of the utilities provider’s stock after selling 2,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Dominion Energy were worth $2,434,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy in the third quarter worth about $28,000. Roble Belko & Company Inc bought a new stake in shares of Dominion Energy in the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy during the 3rd quarter valued at approximately $32,000. Dunhill Financial LLC increased its position in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE:D opened at $55.58 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business’s 50-day moving average price is $54.43 and its 200 day moving average price is $56.27. Dominion Energy, Inc. has a 52-week low of $44.17 and a 52-week high of $61.97. The firm has a market cap of $46.68 billion, a P/E ratio of 19.50, a PEG ratio of 1.18 and a beta of 0.61.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

Analyst Ratings Changes

Several equities analysts have recently commented on D shares. Scotiabank upped their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.58.

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.