Arizona State Retirement System decreased its holdings in shares of Dominion Energy Inc (NYSE:D) by 19.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,337 shares of the utilities provider’s stock after selling 39,491 shares during the quarter. Arizona State Retirement System’s holdings in Dominion Energy were worth $10,932,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in D. Kaizen Advisory LLC grew its holdings in shares of Dominion Energy by 136.6% during the second quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock worth $100,000 after buying an additional 851 shares in the last quarter. Lee Financial Co boosted its position in shares of Dominion Energy by 1,549.0% during the 1st quarter. Lee Financial Co now owns 1,616 shares of the utilities provider’s stock valued at $109,000 after acquiring an additional 1,518 shares during the last quarter. KHP Capital LLC acquired a new position in shares of Dominion Energy during the 1st quarter valued at about $137,000. Macroview Investment Management LLC acquired a new position in shares of Dominion Energy during the 1st quarter valued at about $144,000. Finally, Private Capital Group LLC boosted its position in shares of Dominion Energy by 1,708.3% during the 1st quarter. Private Capital Group LLC now owns 2,170 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 2,050 shares during the last quarter. 67.48% of the stock is owned by institutional investors and hedge funds.

NYSE D opened at $71.75 on Friday. Dominion Energy Inc has a 12 month low of $61.53 and a 12 month high of $85.30. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.36 and a current ratio of 0.52. The stock has a market capitalization of $46.21 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 2.84 and a beta of 0.28.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 1st. The utilities provider reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.07. Dominion Energy had a net margin of 23.69% and a return on equity of 13.13%. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. Dominion Energy’s revenue for the quarter was up 9.8% compared to the same quarter last year. analysts predict that Dominion Energy Inc will post 4.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Friday, September 7th will be given a $0.835 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $3.34 dividend on an annualized basis and a yield of 4.66%. Dominion Energy’s payout ratio is currently 92.78%.

Several brokerages have recently weighed in on D. Zacks Investment Research cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. ValuEngine raised shares of Dominion Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 26th. Howard Weil began coverage on shares of Dominion Energy in a research report on Tuesday, July 24th. They set a “sector perform” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $67.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, July 23rd. Finally, Guggenheim reissued a “buy” rating and set a $77.00 price target on shares of Dominion Energy in a research report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and a consensus target price of $83.50.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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