Retirement Systems of Alabama Has $10.56 Million Stock Position in Dominion Energy, Inc. (NYSE:D)

Retirement Systems of Alabama reduced its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 69.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,776 shares of the utilities provider's stock after selling 417,021 shares during the period. Retirement Systems of Alabama's holdings in Dominion Energy were worth $10,563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in Dominion Energy in the 2nd quarter valued at approximately $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the third quarter valued at $28,000. Frazier Financial Advisors LLC purchased a new stake in Dominion Energy during the 3rd quarter worth about $32,000. Dunhill Financial LLC lifted its holdings in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock worth $35,000 after purchasing an additional 449 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. 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 report on Thursday, December 12th. Morgan Stanley began coverage on Dominion Energy in a report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price objective for the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Jefferies Financial Group initiated coverage on Dominion Energy in a research note on Friday, September 20th. They set a "hold" rating and a $58.00 price target for the company. Finally, Barclays lifted their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $56.58.

Dominion Energy Trading Up 0.1 %

D traded up $0.04 during trading on Tuesday, reaching $53.57. The company had a trading volume of 3,513,197 shares, compared to its average volume of 4,458,055. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The company has a market cap of $45.00 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.44 and a beta of 0.59. The firm's 50-day simple moving average is $57.70 and its 200 day simple moving average is $55.23.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.98%. Dominion Energy's dividend payout ratio is currently 93.68%.

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.