National Pension Service Sells 125,339 Shares of Dominion Energy, Inc. (NYSE:D)

National Pension Service lowered its stake in Dominion Energy, Inc. (NYSE:D) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,296,233 shares of the utilities provider’s stock after selling 125,339 shares during the period. National Pension Service owned approximately 0.27% of Dominion Energy worth $123,675,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of D. Lake Street Advisors Group LLC raised its position in Dominion Energy by 7.4% during the fourth quarter. Lake Street Advisors Group LLC now owns 5,865 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 404 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Dominion Energy by 26.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 189,457 shares of the utilities provider’s stock valued at $10,204,000 after purchasing an additional 39,644 shares during the last quarter. Vaughan David Investments LLC IL raised its holdings in shares of Dominion Energy by 2.1% during the 4th quarter. Vaughan David Investments LLC IL now owns 542,512 shares of the utilities provider’s stock worth $29,220,000 after buying an additional 10,913 shares in the last quarter. FourThought Financial Partners LLC bought a new stake in shares of Dominion Energy during the 4th quarter worth $361,000. Finally, Bank of New York Mellon Corp boosted its stake in Dominion Energy by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 14,938,848 shares of the utilities provider’s stock valued at $804,606,000 after buying an additional 1,068,996 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE D opened at $57.12 on Thursday. The company has a market capitalization of $47.98 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.22 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The stock has a fifty day simple moving average of $54.81 and a 200 day simple moving average of $56.42. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last issued its quarterly earnings data 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 return on equity of 8.99% and a net margin of 16.22%. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 98.89%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on D. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Company 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.