Arizona State Retirement System Has $15.83 Million Stake in Dominion Energy Inc. (NYSE:D)

Arizona State Retirement System reduced its holdings in Dominion Energy Inc. (NYSE:D) by 3.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,534 shares of the utilities provider’s stock after selling 6,500 shares during the period. Arizona State Retirement System’s holdings in Dominion Energy were worth $15,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of Dominion Energy by 4.1% in the second quarter. Bessemer Group Inc. now owns 17,265 shares of the utilities provider’s stock worth $1,324,000 after acquiring an additional 674 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Dominion Energy by 3.8% in the second quarter. Candriam Luxembourg S.C.A. now owns 41,042 shares of the utilities provider’s stock worth $3,145,000 after acquiring an additional 1,488 shares during the last quarter. IBM Retirement Fund boosted its stake in Dominion Energy by 123.8% during the second quarter. IBM Retirement Fund now owns 15,374 shares of the utilities provider’s stock worth $1,316,000 after buying an additional 8,506 shares during the last quarter. BB&T Corp boosted its stake in Dominion Energy by 3.5% during the first quarter. BB&T Corp now owns 122,663 shares of the utilities provider’s stock worth $9,516,000 after buying an additional 4,101 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Dominion Energy by 5.3% during the first quarter. Victory Capital Management Inc. now owns 110,036 shares of the utilities provider’s stock worth $8,535,000 after buying an additional 5,533 shares during the last quarter. 64.49% of the stock is currently owned by institutional investors.

Dominion Energy Inc. (NYSE D) opened at 79.50 on Friday. The stock’s 50 day moving average price is $78.48 and its 200-day moving average price is $78.03. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $81.65. The stock has a market capitalization of $51.09 billion, a P/E ratio of 23.01 and a beta of 0.29.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities research analysts expect that Dominion Energy Inc. will post $3.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.755 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $3.02 annualized dividend and a dividend yield of 3.80%. Dominion Energy’s dividend payout ratio (DPR) is currently 87.28%.

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D has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $78.00 target price on shares of Dominion Energy in a research report on Thursday. Royal Bank Of Canada set a $77.00 target price on Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. Deutsche Bank AG boosted their price objective on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy presently has an average rating of “Hold” and a consensus price target of $80.25.

Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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