State of Tennessee Department of Treasury Decreases Position in Dominion Energy, Inc. (NYSE:D)

State of Tennessee Department of Treasury lessened its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 264,607 shares of the utilities provider's stock after selling 12,588 shares during the quarter. State of Tennessee Department of Treasury's holdings in Dominion Energy were worth $14,252,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in D. Barclays PLC boosted its stake in shares of Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after purchasing an additional 404,868 shares in the last quarter. Czech National Bank grew its holdings in Dominion Energy by 6.6% in the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider's stock worth $9,810,000 after purchasing an additional 11,231 shares during the period. HB Wealth Management LLC increased its stake in shares of Dominion Energy by 15.6% during the fourth quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider's stock valued at $1,939,000 after purchasing an additional 4,861 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Dominion Energy by 12.2% during the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider's stock valued at $3,782,000 after purchasing an additional 7,632 shares during the last quarter. Finally, Greenwood Capital Associates LLC bought a new stake in shares of Dominion Energy in the 4th quarter worth approximately $1,027,000. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Up 2.6 %

D opened at $53.40 on Wednesday. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average price of $54.46 and a 200-day moving average price of $55.59. The stock has a market capitalization of $45.51 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating 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%. Equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.00%. The ex-dividend date was Friday, February 28th. Dominion Energy's payout ratio is currently 98.89%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on D shares. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley raised their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $57.00.

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.

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