California Public Employees Retirement System Reduces Holdings in Dominion Energy, Inc. (NYSE:D)

California Public Employees Retirement System cut its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,014,563 shares of the utilities provider's stock after selling 91,612 shares during the quarter. California Public Employees Retirement System owned approximately 0.60% of Dominion Energy worth $235,684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Diamond Hill Capital Management Inc. boosted its holdings in Dominion Energy by 5.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider's stock valued at $178,176,000 after acquiring an additional 199,629 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Dominion Energy by 196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider's stock valued at $18,451,000 after acquiring an additional 259,978 shares during the last quarter. Morgan Stanley boosted its holdings in Dominion Energy by 12.8% during the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider's stock worth $316,395,000 after buying an additional 803,341 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Dominion Energy by 1,797.9% during the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider's stock worth $7,798,000 after buying an additional 157,175 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in Dominion Energy by 97.3% during the fourth quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider's stock worth $674,000 after buying an additional 7,071 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dominion Energy

In other news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm's stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert M. Blue purchased 21,735 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the purchase, the chief executive officer now owns 176,240 shares of the company's stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.12% of the stock is owned by insiders.

Dominion Energy Stock Performance

D traded up $0.04 during trading on Tuesday, hitting $50.67. The stock had a trading volume of 4,635,902 shares, compared to its average volume of 5,385,292. The company has a 50 day moving average price of $47.84 and a 200-day moving average price of $46.25. The firm has a market cap of $42.44 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.96 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. Dominion Energy, Inc. has a one year low of $39.18 and a one year high of $57.90.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.11). The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 earnings per share. As a group, research analysts predict that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.27%. Dominion Energy's dividend payout ratio (DPR) is currently 114.59%.

Analyst Ratings Changes

A number of equities analysts have issued reports on D shares. Wells Fargo & Company raised their target price on Dominion Energy from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Thursday, March 7th. Bank of America raised their target price on Dominion Energy from $40.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday. Guggenheim cut their price objective on Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, March 4th. Mizuho dropped their target price on Dominion Energy from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 6th. Finally, Scotiabank dropped their target price on Dominion Energy from $49.00 to $48.00 and set a "sector perform" rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $49.10.

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.