Strs Ohio Reduces Stock Position in Dominion Energy, Inc. (NYSE:D)

Strs Ohio lowered its position in shares of Dominion Energy, Inc. (NYSE:D) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 575,795 shares of the utilities provider’s stock after selling 9,280 shares during the period. Strs Ohio owned about 0.07% of Dominion Energy worth $27,062,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Dominion Energy by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares in the last quarter. Wellington Management Group LLP raised its holdings in Dominion Energy by 631.2% in the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after purchasing an additional 14,105,237 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dominion Energy by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 14,768,160 shares of the utilities provider’s stock worth $823,620,000 after purchasing an additional 303,891 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Dominion Energy by 93,554.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,865,509 shares of the utilities provider’s stock worth $604,953,000 after purchasing an additional 9,854,975 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Dominion Energy by 2.7% in the 1st quarter. Northern Trust Corp now owns 8,883,631 shares of the utilities provider’s stock worth $754,843,000 after purchasing an additional 234,077 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the subject of several research reports. Scotiabank decreased their price objective on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Monday, March 4th. StockNews.com lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. BMO Capital Markets lowered shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price target for the company. in a research note on Monday, March 11th. Wells Fargo & Company increased their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Finally, Guggenheim decreased their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $50.10.

Dominion Energy Price Performance

Shares of D opened at $47.92 on Tuesday. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $58.69. The company has a market capitalization of $40.14 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.92 and a beta of 0.61. The firm has a 50 day moving average of $47.30 and a 200 day moving average of $45.96. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Dominion Energy (NYSE:D) last announced its quarterly earnings data 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). Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Dominion Energy’s revenue was down 7.2% on a year-over-year basis. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 2.86 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 1st were issued a $0.6675 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.57%. Dominion Energy’s payout ratio is currently 114.59%.

Insider Buying and Selling

In other news, CEO Robert M. Blue acquired 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Robert M. Blue bought 21,735 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were 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 disclosure for this purchase can be found here. 0.12% of the stock is owned by company insiders.

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.