New York State Teachers Retirement System Has $35.68 Million Stock Holdings in Dominion Energy, Inc. (NYSE:D)

New York State Teachers Retirement System decreased its stake in Dominion Energy, Inc. (NYSE:D) by 4.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 662,470 shares of the utilities provider’s stock after selling 33,795 shares during the period. New York State Teachers Retirement System’s holdings in Dominion Energy were worth $35,681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in shares of Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock valued at $4,007,000 after buying an additional 12,890 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Dominion Energy by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after purchasing an additional 43,055 shares in the last quarter. Ascent Wealth Partners LLC bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $1,223,000. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after purchasing an additional 3,278,175 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after purchasing an additional 404,868 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $55.58 on Friday. The company has a market cap of $46.68 billion, a PE ratio of 19.50, a price-to-earnings-growth 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. The business has a 50 day moving average price of $54.43 and a 200-day moving average price of $56.27. 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 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Equities analysts anticipate that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The business 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 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.