Kentucky Retirement Systems Raises Stock Position in Dominion Energy, Inc. (NYSE:D)

Kentucky Retirement Systems raised its holdings in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,167 shares of the utilities provider’s stock after buying an additional 4,956 shares during the quarter. Kentucky Retirement Systems’ holdings in Dominion Energy were worth $4,504,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of D. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Dominion Energy by 1.2% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock worth $903,000 after purchasing an additional 128 shares during the period. Golden State Equity Partners lifted its holdings in shares of Dominion Energy by 1.7% during the first quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock worth $649,000 after purchasing an additional 129 shares during the period. Covestor Ltd lifted its holdings in shares of Dominion Energy by 49.8% during the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares during the period. Almanack Investment Partners LLC. lifted its holdings in shares of Dominion Energy by 4.8% during the second quarter. Almanack Investment Partners LLC. now owns 2,838 shares of the utilities provider’s stock worth $227,000 after purchasing an additional 131 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Dominion Energy by 0.3% during the first quarter. NewEdge Advisors LLC now owns 40,479 shares of the utilities provider’s stock worth $3,440,000 after purchasing an additional 132 shares during the period. Hedge funds and other institutional investors own 70.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Guggenheim reduced their target price on Dominion Energy from $69.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, February 28th. BMO Capital Markets reduced their target price on Dominion Energy from $66.00 to $61.00 and set an “outperform” rating for the company in a report on Monday, February 27th. UBS Group reduced their target price on Dominion Energy from $60.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday, March 7th. Mizuho reduced their target price on Dominion Energy from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, February 27th. Finally, Credit Suisse Group reduced their target price on Dominion Energy from $67.00 to $58.00 and set a “neutral” rating for the company in a report on Tuesday, February 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average target price of $66.50.

Dominion Energy Stock Up 0.9 %

D opened at $54.71 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.73 and a quick ratio of 0.60. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of 50.19, a price-to-earnings-growth ratio of 0.89 and a beta of 0.45. The business has a 50-day moving average of $59.49 and a two-hundred day moving average of $64.60. Dominion Energy, Inc. has a 12 month low of $52.92 and a 12 month high of $88.78.

Dominion Energy (NYSE:D – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a return on equity of 13.35% and a net margin of 5.79%. The company’s revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. On average, research analysts expect that Dominion Energy, Inc. will post 4 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Friday, March 3rd will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, March 2nd. Dominion Energy’s dividend payout ratio (DPR) is presently 244.95%.

About Dominion Energy

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Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.