Kentucky Retirement Systems Sells 3,404 Shares of Dominion Energy, Inc. (NYSE:D)

Kentucky Retirement Systems trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,549 shares of the utilities provider’s stock after selling 3,404 shares during the period. Kentucky Retirement Systems’ holdings in Dominion Energy were worth $3,126,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Criterion Capital Advisors LLC bought a new stake in Dominion Energy in the 4th quarter valued at about $29,000. Rise Advisors LLC bought a new stake in Dominion Energy in the 1st quarter valued at about $30,000. Venturi Wealth Management LLC raised its stake in Dominion Energy by 84.5% in the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 310 shares during the period. LRI Investments LLC bought a new stake in Dominion Energy in the 1st quarter valued at about $32,000. Finally, Janiczek Wealth Management LLC raised its stake in Dominion Energy by 20,100.0% in the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 804 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

D has been the topic of a number of research reports. BMO Capital Markets lowered their price objective on Dominion Energy from $52.00 to $51.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Scotiabank lowered their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company lifted their target price on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Finally, StockNews.com raised Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.64.

Dominion Energy Price Performance

Shares of NYSE D traded up $0.01 during midday trading on Monday, hitting $52.71. 530,016 shares of the company’s stock were exchanged, compared to its average volume of 4,643,918. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $54.23. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The company has a market cap of $44.15 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.41 and a beta of 0.59. The business’s fifty day moving average price is $51.15 and its two-hundred day moving average price is $49.14.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Dominion Energy’s revenue was down 6.5% on a year-over-year basis. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Friday, May 31st were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a yield of 5.07%. Dominion Energy’s payout ratio is 137.63%.

About Dominion Energy

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.