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

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in shares of Dominion Energy, Inc. (NYSE:DGet Rating) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 21,235 shares of the utilities provider’s stock after selling 518 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Dominion Energy were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Annapolis Financial Services LLC lifted its position in Dominion Energy by 449.4% during the third quarter. Annapolis Financial Services LLC now owns 489 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 400 shares during the period. Bell Investment Advisors Inc purchased a new position in Dominion Energy in the third quarter valued at $36,000. FSB Premier Wealth Management Inc. purchased a new position in Dominion Energy in the fourth quarter valued at $36,000. TimeScale Financial Inc. increased its holdings in Dominion Energy by 72.4% in the fourth quarter. TimeScale Financial Inc. now owns 481 shares of the utilities provider’s stock valued at $38,000 after buying an additional 202 shares in the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in Dominion Energy in the third quarter valued at $42,000. Institutional investors own 67.04% of the company’s stock.

A number of research analysts have weighed in on the stock. UBS Group raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $81.00 to $98.00 in a report on Wednesday, January 5th. KeyCorp lifted their price objective on shares of Dominion Energy from $86.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, April 7th. The Goldman Sachs Group cut shares of Dominion Energy from a “neutral” rating to a “sell” rating and set a $72.00 target price for the company. in a research note on Thursday, January 13th. Morgan Stanley boosted their target price on shares of Dominion Energy from $82.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 22nd. Finally, StockNews.com initiated coverage on shares of Dominion Energy in a research note on Thursday, March 31st. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $84.78.

NYSE:D traded down $0.57 on Monday, hitting $86.83. The stock had a trading volume of 2,746,922 shares, compared to its average volume of 3,199,017. The company has a fifty day moving average price of $82.44 and a two-hundred day moving average price of $78.59. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.47. Dominion Energy, Inc. has a 1-year low of $70.37 and a 1-year high of $88.78. The stock has a market cap of $70.39 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 3.49 and a beta of 0.41.

Dominion Energy (NYSE:DGet Rating) last announced its earnings results on Friday, February 11th. The utilities provider reported $0.90 earnings per share for the quarter, hitting the consensus estimate of $0.90. Dominion Energy had a net margin of 23.55% and a return on equity of 12.70%. The firm had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the prior year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts anticipate that Dominion Energy, Inc. will post 4.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Sunday, March 20th. Shareholders of record on Friday, March 4th were paid a $0.6675 dividend. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.63. This represents a $2.67 annualized dividend and a yield of 3.07%. The ex-dividend date was Thursday, March 3rd. Dominion Energy’s dividend payout ratio is currently 67.09%.

Dominion Energy Company Profile (Get Rating)

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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