Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Holdings in Dominion Energy, Inc. (NYSE:D)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Dominion Energy, Inc. (NYSE:D) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,588,320 shares of the utilities provider’s stock after selling 6,166 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.19% of Dominion Energy worth $85,547,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its position in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new position in shares of Dominion Energy in the fourth quarter worth $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy during the fourth quarter valued at $27,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy during the fourth quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after buying an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

D has been the topic of a number of recent analyst reports. Morgan Stanley began coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Scotiabank boosted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $57.18.

Dominion Energy Trading Up 0.3 %

NYSE:D opened at $54.95 on Thursday. Dominion Energy, Inc. has a one year low of $46.56 and a one year high of $61.97. The business has a fifty day moving average price of $55.16 and a 200-day moving average price of $56.32. The firm has a market capitalization of $46.82 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Sell-side analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. Dominion Energy’s payout ratio is currently 98.89%.

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.