New Mexico Educational Retirement Board Trims Stock Position in Dominion Energy, Inc. (NYSE:D)

New Mexico Educational Retirement Board lessened its stake in shares of Dominion Energy, Inc. (NYSE:D) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,973 shares of the utilities provider’s stock after selling 1,000 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Dominion Energy were worth $2,153,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of D. BLB&B Advisors LLC lifted its holdings in shares of Dominion Energy by 2.5% during the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after acquiring an additional 173 shares during the period. Simon Quick Advisors LLC raised its holdings in Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 184 shares during the period. Cobblestone Capital Advisors LLC NY raised its holdings in Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after buying an additional 195 shares during the period. Passumpsic Savings Bank raised its holdings in Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after buying an additional 199 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Dominion Energy by 3.5% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock valued at $342,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 2.0 %

D opened at $55.58 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm’s 50 day moving average is $54.42 and its 200-day moving average is $56.29. The firm has a market capitalization of $46.68 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a 52-week low of $44.17 and a 52-week high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.80%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analysts Set New Price Targets

D has been the topic of several research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy 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.