Dominion Energy, Inc. (NYSE:D) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,651 shares of the utilities provider’s stock after selling 794 shares during the quarter. Kentucky Retirement Systems’ holdings in Dominion Energy were worth $3,105,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of D. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the 3rd quarter valued at about $28,000. Roble Belko & Company Inc purchased a new position in Dominion Energy during the fourth quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy in the third quarter valued at approximately $32,000. Dunhill Financial LLC grew its holdings in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

D opened at $57.38 on Friday. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The firm has a market capitalization of $48.20 billion, a PE ratio of 21.25, a PEG ratio of 1.21 and a beta of 0.61. 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 firm’s 50-day moving average price is $54.58 and its 200 day moving average price is $56.35.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.65%. Dominion Energy’s payout ratio is currently 98.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on D shares. Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.58.

About Dominion Energy

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.