Dominion Energy, Inc. (NYSE:D) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its position in Dominion Energy, Inc. (NYSE:D) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,752 shares of the utilities provider’s stock after selling 3,141 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Dominion Energy were worth $2,410,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in D. Howard Capital Management Group LLC acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at about $210,000. Empowered Funds LLC raised its stake in shares of Dominion Energy by 10.1% in the 3rd quarter. Empowered Funds LLC now owns 14,460 shares of the utilities provider’s stock valued at $836,000 after purchasing an additional 1,323 shares in the last quarter. Quest Partners LLC raised its stake in shares of Dominion Energy by 771,000.0% in the 3rd quarter. Quest Partners LLC now owns 7,711 shares of the utilities provider’s stock valued at $446,000 after purchasing an additional 7,710 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at about $980,000. Finally, West Family Investments Inc. acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at about $204,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE D opened at $54.91 on Friday. Dominion Energy, Inc. has a 52 week low of $46.56 and a 52 week high of $61.97. 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 stock has a market cap of $46.79 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.58. The company has a 50-day moving average price of $55.17 and a two-hundred day moving average price of $56.31.

Dominion Energy (NYSE:D) last posted its 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 net margin of 16.22% and a return on equity of 8.99%. Analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on D shares. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Morgan Stanley increased their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating and one has 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 $57.36.

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.