California State Teachers Retirement System Lowers Stock Holdings in Dominion Energy, Inc. (NYSE:D)

California State Teachers Retirement System lowered its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 998,577 shares of the utilities provider's stock after selling 44,794 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Dominion Energy worth $53,783,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Dominion Energy by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,513,956 shares of the utilities provider's stock valued at $4,821,222,000 after purchasing an additional 674,859 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Dominion Energy by 4.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider's stock valued at $1,667,540,000 after purchasing an additional 1,459,926 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Dominion Energy by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after purchasing an additional 1,222,688 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Dominion Energy by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 18,477,121 shares of the utilities provider's stock valued at $997,034,000 after purchasing an additional 601,900 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider's stock valued at $804,606,000 after purchasing an additional 1,068,996 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on D. JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Morgan Stanley dropped their price target on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Argus upgraded Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $58.63.

Dominion Energy Trading Up 1.0%

Dominion Energy stock traded up $0.58 during mid-day trading on Friday, hitting $56.60. The company's stock had a trading volume of 9,415,713 shares, compared to its average volume of 4,553,162. The firm has a market capitalization of $48.27 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock's fifty day moving average is $54.26 and its two-hundred day moving average is $54.98.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 earnings per share. On average, analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Thursday, May 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.72%. Dominion Energy's dividend payout ratio is currently 100.00%.

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.