California State Teachers Retirement System Sells 43,272 Shares of Dominion Energy, Inc. (NYSE:D)

California State Teachers Retirement System lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 3.6% during the first quarter, Holdings Channel.com reports. The firm owned 1,151,043 shares of the utilities provider’s stock after selling 43,272 shares during the quarter. California State Teachers Retirement System’s holdings in Dominion Energy were worth $56,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in Dominion Energy by 1,797.9% during the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after acquiring an additional 157,175 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Dominion Energy by 105.0% in the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after purchasing an additional 49,740 shares in the last quarter. Wedmont Private Capital boosted its holdings in shares of Dominion Energy by 14.1% in the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock valued at $239,000 after purchasing an additional 596 shares in the last quarter. Sapient Capital LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at $263,000. Finally, Prime Capital Investment Advisors LLC boosted its holdings in shares of Dominion Energy by 8.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 42,419 shares of the utilities provider’s stock valued at $1,994,000 after purchasing an additional 3,238 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on D shares. BMO Capital Markets reduced their target price on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a report on Tuesday, July 9th. Evercore ISI raised their target price on Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Friday, May 3rd. Mizuho raised their target price on Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Scotiabank cut their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, Barclays cut their price objective on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.64.

Dominion Energy Trading Up 0.3 %

D traded up $0.16 during midday trading on Thursday, hitting $53.62. 44,494 shares of the company were exchanged, compared to its average volume of 4,618,872. The firm has a market capitalization of $44.91 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.42 and a beta of 0.58. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year high of $54.23. The firm’s 50 day moving average price is $51.12 and its 200-day moving average price is $49.25. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.98%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.