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

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

Other institutional investors have also made changes to their positions in the company. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the third quarter valued at about $28,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Dominion Energy during the third quarter valued at about $32,000. Dunhill Financial LLC increased its position in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Dominion Energy Trading Down 2.0 %

NYSE 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. Dominion Energy, Inc. has a 52 week low of $44.17 and a 52 week high of $61.97. The stock has a market capitalization 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. The firm has a 50 day moving average of $54.42 and a two-hundred day moving average of $56.29.

Dominion Energy (NYSE:D) last posted its quarterly earnings results 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 net margin of 16.95% and a return on equity of 8.35%. As a group, research analysts expect that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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 given a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.80%. Dominion Energy’s dividend payout ratio is presently 93.68%.

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.