Massmutual Trust Co. FSB ADV Decreases Stake in Dominion Energy, Inc. (NYSE:D)

Massmutual Trust Co. FSB ADV reduced its holdings in Dominion Energy, Inc. (NYSE:D) by 88.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,988 shares of the utilities provider’s stock after selling 30,369 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Dominion Energy were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Criterion Capital Advisors LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at approximately $29,000. Rise Advisors LLC purchased a new stake in shares of Dominion Energy during the 1st quarter worth approximately $30,000. LRI Investments LLC purchased a new stake in shares of Dominion Energy during the 1st quarter worth approximately $30,000. Janiczek Wealth Management LLC lifted its position in shares of Dominion Energy by 20,100.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after buying an additional 804 shares during the last quarter. Finally, Albion Financial Group UT lifted its position in shares of Dominion Energy by 300.0% during the 1st quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock worth $39,000 after buying an additional 600 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on D shares. Mizuho lifted their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. BMO Capital Markets boosted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday. Bank of America raised shares of Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $43.00 to $54.00 in a research note on Friday, May 10th. Wells Fargo & Company upped their price target on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Finally, Scotiabank lowered their price target on shares of 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. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.18.

Dominion Energy Trading Down 3.7 %

NYSE:D traded down $2.05 on Monday, reaching $54.03. The stock had a trading volume of 5,070,277 shares, compared to its average volume of 4,665,993. The company has a market cap of $45.25 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.50 and a beta of 0.58. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The firm’s fifty day moving average is $51.24 and its two-hundred day moving average is $49.40. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.60.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.68%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The company’s revenue was up 10.1% on a year-over-year basis. Equities analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

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.