Louisiana State Employees Retirement System Buys Shares of 50,600 Dominion Energy, Inc. (NYSE:D)

Louisiana State Employees Retirement System bought a new stake in shares of Dominion Energy, Inc. (NYSE:D) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 50,600 shares of the utilities provider’s stock, valued at approximately $2,378,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in shares of Dominion Energy by 7.7% during the 1st quarter. Sei Investments Co. now owns 168,723 shares of the utilities provider’s stock worth $14,325,000 after purchasing an additional 12,002 shares during the last quarter. Prudential PLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth about $1,528,000. Sequoia Financial Advisors LLC boosted its stake in shares of Dominion Energy by 30.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 7,195 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 1,661 shares during the last quarter. Covestor Ltd boosted its stake in shares of Dominion Energy by 49.8% during the 1st quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Dominion Energy during the 1st quarter worth about $419,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on D. Mizuho decreased their price target on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a research report on Monday, March 11th. Scotiabank decreased their target price on shares of Dominion Energy from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, March 4th. Wells Fargo & Company raised their target price on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Finally, StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $50.10.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by corporate insiders.

Dominion Energy Trading Down 2.2 %

Shares of D stock opened at $46.85 on Wednesday. The stock has a market cap of $39.24 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.88 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.69. The firm’s 50 day moving average price is $47.34 and its two-hundred day moving average price is $45.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm earned $1.06 earnings per share. On average, analysts anticipate that Dominion Energy, Inc. will post 2.86 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were given a dividend of $0.6675 per share. The ex-dividend date was Thursday, February 29th. This represents a $2.67 dividend on an annualized basis and a yield of 5.70%. Dominion Energy’s dividend payout ratio (DPR) is 114.59%.

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.