Dominion Energy Inc. (D) Shares Sold by California State Teachers Retirement System
California State Teachers Retirement System lessened its position in Dominion Energy Inc. (NYSE:D) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,097,309 shares of the utilities provider’s stock after selling 72,036 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Dominion Energy worth $84,416,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. WINTON GROUP Ltd acquired a new position in shares of Dominion Energy during the 2nd quarter worth $1,115,000. Verition Fund Management LLC acquired a new position in shares of Dominion Energy during the 2nd quarter worth $995,000. Shell Asset Management Co. increased its stake in shares of Dominion Energy by 64.7% during the 3rd quarter. Shell Asset Management Co. now owns 343,550 shares of the utilities provider’s stock worth $23,736,000 after purchasing an additional 134,951 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Dominion Energy by 27.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 7,769 shares of the utilities provider’s stock worth $595,000 after purchasing an additional 1,674 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Dominion Energy during the 2nd quarter worth $528,000. Institutional investors and hedge funds own 64.67% of the company’s stock.
Several brokerages have recently commented on D. Bank of America upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. Gabelli reiterated a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Citigroup raised their target price on shares of Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Finally, Zacks Investment Research lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Fourteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and an average price target of $80.70.
In other Dominion Energy news, Director John W. Harris sold 5,616 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the sale, the director now directly owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by corporate insiders.
Dominion Energy Inc. (D) traded down $0.71 during trading hours on Wednesday, reaching $83.43. 2,409,700 shares of the company were exchanged, compared to its average volume of 2,316,926. Dominion Energy Inc. has a 1-year low of $70.87 and a 1-year high of $84.83. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. The firm has a market cap of $54,146.60, a price-to-earnings ratio of 22.93, a PEG ratio of 4.14 and a beta of 0.29.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the firm earned $1.14 EPS. The business’s revenue was up 1.5% on a year-over-year basis. equities analysts anticipate that Dominion Energy Inc. will post 3.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be issued a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 3.69%. Dominion Energy’s dividend payout ratio is 90.86%.
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About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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