State of Tennessee Treasury Department cut its holdings in shares of Dominion Energy Inc (NYSE:D) by 33.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,518 shares of the utilities provider’s stock after selling 99,009 shares during the quarter. State of Tennessee Treasury Department’s holdings in Dominion Energy were worth $13,970,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Dominion Energy by 3.8% during the first quarter. BlackRock Inc. now owns 60,458,867 shares of the utilities provider’s stock valued at $4,364,524,000 after purchasing an additional 2,186,966 shares during the period. State Street Corp lifted its stake in shares of Dominion Energy by 1.6% during the first quarter. State Street Corp now owns 45,308,353 shares of the utilities provider’s stock valued at $3,270,810,000 after acquiring an additional 712,601 shares during the period. Capital Research Global Investors lifted its stake in shares of Dominion Energy by 1.5% during the fourth quarter. Capital Research Global Investors now owns 31,571,388 shares of the utilities provider’s stock valued at $2,614,742,000 after acquiring an additional 459,388 shares during the period. Wellington Management Group LLP lifted its stake in Dominion Energy by 3.0% in the first quarter. Wellington Management Group LLP now owns 30,599,455 shares of the utilities provider’s stock valued at $2,208,975,000 after buying an additional 892,983 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Dominion Energy by 3.4% in the first quarter. Geode Capital Management LLC now owns 12,322,513 shares of the utilities provider’s stock valued at $889,340,000 after buying an additional 403,206 shares during the period. Institutional investors and hedge funds own 66.46% of the company’s stock.

Shares of NYSE:D traded down $1.32 during mid-day trading on Friday, reaching $79.82. 682,119 shares of the stock were exchanged, compared to its average volume of 4,469,821. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 1.14. The company has a market cap of $67.93 billion, a P/E ratio of 36.50, a P/E/G ratio of 4.04 and a beta of 0.44. Dominion Energy Inc has a one year low of $57.79 and a one year high of $90.89. The stock’s 50 day simple moving average is $82.09 and its 200-day simple moving average is $81.09.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.01). The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.74 billion. Dominion Energy had a return on equity of 11.97% and a net margin of 10.80%. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share. Analysts anticipate that Dominion Energy Inc will post 4.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, June 5th were paid a $0.94 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $3.76 dividend on an annualized basis and a yield of 4.71%. Dominion Energy’s dividend payout ratio is 88.68%.

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Dominion Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 17th. Barclays cut their target price on Dominion Energy from $93.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. UBS Group increased their target price on Dominion Energy from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Monday. Wolfe Research lowered Dominion Energy from an “outperform” rating to a “peer perform” rating in a research note on Friday, May 29th. Finally, Credit Suisse Group increased their target price on Dominion Energy from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $85.33.

About Dominion Energy

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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

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