Teacher Retirement System of Texas Raises Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Teacher Retirement System of Texas boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 781.8% during the 4th quarter, Holdings Channel reports. The firm owned 49,485 shares of the utilities provider’s stock after acquiring an additional 43,873 shares during the period. Teacher Retirement System of Texas’ holdings in Dominion Energy were worth $2,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sandy Spring Bank grew its position in shares of Dominion Energy by 6.0% during the 4th quarter. Sandy Spring Bank now owns 50,620 shares of the utilities provider’s stock valued at $2,726,000 after acquiring an additional 2,857 shares during the period. Royal London Asset Management Ltd. increased its position in Dominion Energy by 20.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 251,604 shares of the utilities provider’s stock worth $13,551,000 after buying an additional 43,541 shares during the last quarter. Generali Investments Management Co LLC bought a new stake in shares of Dominion Energy in the fourth quarter valued at $2,412,000. Xponance Inc. lifted its position in shares of Dominion Energy by 2.7% during the 4th quarter. Xponance Inc. now owns 119,411 shares of the utilities provider’s stock valued at $6,431,000 after buying an additional 3,182 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of Dominion Energy during the 4th quarter worth $3,633,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 2.7 %

Shares of NYSE D opened at $52.86 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average of $55.19 and a 200-day moving average of $56.24. The firm has a market capitalization of $45.04 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 12 month low of $46.56 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Scotiabank raised their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. raised their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $57.58.

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.