Teacher Retirement System of Texas Has $9.07 Million Stake in Dominion Energy Inc. (NYSE:D)

Teacher Retirement System of Texas raised its position in Dominion Energy Inc. (NYSE:D - Free Report) by 226.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 161,777 shares of the utilities provider's stock after buying an additional 112,292 shares during the quarter. Teacher Retirement System of Texas' holdings in Dominion Energy were worth $9,071,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Cadence Bank increased its position in Dominion Energy by 2.0% in the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after buying an additional 189 shares during the period. Dynamic Advisor Solutions LLC increased its position in Dominion Energy by 3.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock worth $338,000 after buying an additional 193 shares during the period. Choate Investment Advisors increased its holdings in shares of Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after purchasing an additional 198 shares during the period. Centre Asset Management LLC lifted its holdings in Dominion Energy by 3.3% in the first quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock worth $350,000 after purchasing an additional 198 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its holdings in Dominion Energy by 1.1% in the first quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock worth $1,022,000 after purchasing an additional 202 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

Dominion Energy stock traded down $0.45 during trading hours on Friday, reaching $56.98. 3,095,639 shares of the company were exchanged, compared to its average volume of 4,766,176. The firm has a market cap of $48.59 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.23 and a beta of 0.56. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a 50-day moving average of $55.57 and a 200 day moving average of $54.82. Dominion Energy Inc. has a 12 month low of $48.07 and a 12 month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The company's quarterly revenue was up 12.2% compared to the same quarter last year. As a group, research analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.69%. Dominion Energy's payout ratio is 100.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Morgan Stanley reduced their price objective on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. One investment 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 data from MarketBeat.com, Dominion Energy has an average rating of "Hold" and an average target price of $58.38.

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.