New York State Teachers Retirement System Trims Holdings in Dominion Energy, Inc. (NYSE:D)

New York State Teachers Retirement System cut its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 662,470 shares of the utilities provider's stock after selling 33,795 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Dominion Energy worth $35,681,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in D. Campbell Wealth Management increased its position in shares of Dominion Energy by 11.0% in the 4th quarter. Campbell Wealth Management now owns 12,111 shares of the utilities provider's stock valued at $652,000 after acquiring an additional 1,204 shares during the period. Asset Planning Inc purchased a new position in shares of Dominion Energy in the fourth quarter worth about $99,000. V Square Quantitative Management LLC raised its stake in shares of Dominion Energy by 5.7% in the fourth quarter. V Square Quantitative Management LLC now owns 12,191 shares of the utilities provider's stock worth $657,000 after purchasing an additional 655 shares during the last quarter. First Merchants Corp lifted its holdings in shares of Dominion Energy by 8.9% during the fourth quarter. First Merchants Corp now owns 7,014 shares of the utilities provider's stock worth $378,000 after purchasing an additional 575 shares during the period. Finally, Vontobel Holding Ltd. boosted its position in Dominion Energy by 18.3% in the fourth quarter. Vontobel Holding Ltd. now owns 7,969 shares of the utilities provider's stock valued at $429,000 after buying an additional 1,235 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

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

Dominion Energy Price Performance

NYSE D traded up $0.08 on Wednesday, hitting $55.69. The company had a trading volume of 4,744,617 shares, compared to its average volume of 4,601,704. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The company's fifty day moving average price is $54.43 and its 200-day moving average price is $56.33. The company has a market capitalization of $46.78 billion, a PE ratio of 20.62, a PEG ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a 12-month low of $44.17 and a 12-month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its 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 net margin of 16.22% and a return on equity of 8.99%. As a group, analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.79%. 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.