New York State Teachers Retirement System Lowers Position in Dominion Energy Inc. (NYSE:D)

New York State Teachers Retirement System lessened its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 642,769 shares of the utilities provider's stock after selling 19,701 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Dominion Energy worth $36,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cape Investment Advisory Inc. increased its position in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after buying an additional 378 shares in the last quarter. Fairway Wealth LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $27,000. Orion Capital Management LLC purchased a new position in Dominion Energy in the fourth quarter worth $27,000. Finally, Park Square Financial Group LLC bought a new position in Dominion Energy in the fourth quarter valued at $27,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 0.4%

D traded down $0.21 during trading on Wednesday, hitting $57.44. 7,516,322 shares of the stock traded hands, compared to its average volume of 4,752,620. The firm has a market capitalization of $48.98 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $61.97. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. The firm has a 50-day moving average of $55.34 and a 200 day moving average of $54.74.

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

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on D. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Finally, Morgan Stanley lowered 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 analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.