Texas Permanent School Fund Corp Sells 34,551 Shares of Dominion Energy, Inc. (NYSE:D)

Texas Permanent School Fund Corp cut its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 20.0% in the 2nd quarter, Holdings Channel reports. The firm owned 138,300 shares of the utilities provider’s stock after selling 34,551 shares during the period. Texas Permanent School Fund Corp’s holdings in Dominion Energy were worth $6,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Choreo LLC grew its holdings in shares of Dominion Energy by 634.3% during the 2nd quarter. Choreo LLC now owns 37,867 shares of the utilities provider’s stock valued at $1,820,000 after purchasing an additional 32,710 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Dominion Energy by 44.1% during the second quarter. Wedbush Securities Inc. now owns 12,541 shares of the utilities provider’s stock worth $615,000 after buying an additional 3,837 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Dominion Energy during the second quarter worth $119,000. Poplar Forest Capital LLC lifted its stake in shares of Dominion Energy by 1.1% in the 2nd quarter. Poplar Forest Capital LLC now owns 602,818 shares of the utilities provider’s stock valued at $29,538,000 after acquiring an additional 6,627 shares during the last quarter. Finally, Morton Community Bank boosted its holdings in shares of Dominion Energy by 5.2% during the 2nd quarter. Morton Community Bank now owns 44,178 shares of the utilities provider’s stock valued at $2,165,000 after acquiring an additional 2,175 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on D. BMO Capital Markets upped their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $54.00.

Dominion Energy Stock Down 0.8 %

Shares of NYSE D opened at $57.23 on Thursday. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $58.13. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The company’s 50 day moving average price is $54.13 and its 200-day moving average price is $51.45. The company has a market capitalization of $48.01 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.60.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.67%. The ex-dividend date is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.