California State Teachers Retirement System lowered its position in Dominion Energy Inc (NYSE:D) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,094,346 shares of the utilities provider’s stock after selling 2,963 shares during the quarter. California State Teachers Retirement System owned 0.17% of Dominion Energy worth $88,708,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in D. Raymond James Financial Services Advisors Inc. lifted its position in shares of Dominion Energy by 10.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 304,261 shares of the utilities provider’s stock worth $23,406,000 after acquiring an additional 28,126 shares during the period. Victory Capital Management Inc. lifted its position in shares of Dominion Energy by 23.9% in the 3rd quarter. Victory Capital Management Inc. now owns 154,519 shares of the utilities provider’s stock worth $11,887,000 after acquiring an additional 29,846 shares during the period. Candriam Luxembourg S.C.A. lifted its position in shares of Dominion Energy by 3.7% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 42,554 shares of the utilities provider’s stock worth $3,274,000 after acquiring an additional 1,512 shares during the period. Sei Investments Co. lifted its position in shares of Dominion Energy by 4.5% in the 3rd quarter. Sei Investments Co. now owns 112,579 shares of the utilities provider’s stock worth $8,661,000 after acquiring an additional 4,881 shares during the period. Finally, Ballentine Partners LLC bought a new stake in shares of Dominion Energy in the 3rd quarter worth approximately $251,000. Institutional investors own 65.33% of the company’s stock.
In other Dominion Energy news, Director Joseph M. Rigby purchased 2,679 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $74.65 per share, with a total value of $199,987.35. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John W. Harris sold 2,665 shares of the firm’s stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total value of $214,799.00. Following the sale, the director now directly owns 13,282 shares of the company’s stock, valued at $1,070,529.20. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.
Shares of Dominion Energy Inc (D) opened at $72.97 on Tuesday. Dominion Energy Inc has a twelve month low of $71.91 and a twelve month high of $85.30. The firm has a market capitalization of $47,476.61, a price-to-earnings ratio of 20.30, a P/E/G ratio of 2.55 and a beta of 0.23. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 1.60.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.67% and a net margin of 24.92%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the firm posted $0.99 EPS. The business’s revenue was up 4.0% on a year-over-year basis. equities analysts anticipate that Dominion Energy Inc will post 4.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.58%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, March 1st. Dominion Energy’s dividend payout ratio (DPR) is currently 68.02%.
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Dominion Energy Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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