Retirement Systems of Alabama Has $29.33 Million Position in Dominion Energy, Inc. (NYSE:D)

Retirement Systems of Alabama lowered its position in Dominion Energy, Inc. (NYSE:D) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 624,122 shares of the utilities provider’s stock after selling 4,780 shares during the quarter. Retirement Systems of Alabama’s holdings in Dominion Energy were worth $29,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in D. Investment Partners LTD. acquired a new stake in shares of Dominion Energy during the 4th quarter worth about $231,000. Valmark Advisers Inc. lifted its stake in shares of Dominion Energy by 42.6% during the 4th quarter. Valmark Advisers Inc. now owns 9,517 shares of the utilities provider’s stock worth $447,000 after buying an additional 2,843 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth about $72,000. Kovack Advisors Inc. lifted its stake in shares of Dominion Energy by 5.7% during the 4th quarter. Kovack Advisors Inc. now owns 8,565 shares of the utilities provider’s stock worth $403,000 after buying an additional 463 shares during the last quarter. Finally, Evolution Advisers Inc. lifted its stake in shares of Dominion Energy by 43.4% during the 4th quarter. Evolution Advisers Inc. now owns 4,641 shares of the utilities provider’s stock worth $225,000 after buying an additional 1,405 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Activity at Dominion Energy

In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Joseph M. Rigby purchased 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the acquisition, the director now owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.

Dominion Energy Price Performance

D stock opened at $50.85 on Monday. 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 12 month low of $39.18 and a 12 month high of $57.65. The firm has a market cap of $42.59 billion, a P/E ratio of 21.82, a P/E/G ratio of 3.37 and a beta of 0.61. The company’s 50-day moving average price is $48.17 and its two-hundred day moving average price is $46.42.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the business earned $1.06 earnings per share. Dominion Energy’s quarterly revenue was down 7.2% compared to the same quarter last year. On average, analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on D. Barclays cut their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Guggenheim dropped their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Scotiabank dropped their price objective on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Mizuho dropped their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. Finally, StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $49.10.

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.