Louisiana State Employees Retirement System Has $2.43 Million Stake in Dominion Energy, Inc. (NYSE:D)

Louisiana State Employees Retirement System reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 4.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 45,200 shares of the utilities provider’s stock after selling 2,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Dominion Energy were worth $2,434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Roble Belko & Company Inc purchased a new stake in Dominion Energy in the 4th quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy during the third quarter valued at $32,000. Dunhill Financial LLC grew its stake in Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE D opened at $55.58 on Friday. The stock has a 50-day simple moving average of $54.43 and a 200 day simple moving average of $56.27. Dominion Energy, Inc. has a twelve month low of $44.17 and a twelve month high of $61.97. The stock has a market capitalization of $46.68 billion, a PE ratio of 19.50, a P/E/G ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

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 return on equity of 8.35% and a net margin of 16.95%. Research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current 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 issued 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 payout ratio is 98.89%.

Wall Street Analysts Forecast Growth

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