MML Investors Services LLC Lowers Position in Dominion Energy, Inc. (NYSE:D)

MML Investors Services LLC trimmed its position in shares of Dominion Energy, Inc. (NYSE:D) by 26.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,666 shares of the utilities provider’s stock after selling 25,651 shares during the quarter. MML Investors Services LLC’s holdings in Dominion Energy were worth $4,199,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. State Street Corp boosted its position in Dominion Energy by 3.2% during the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Dominion Energy by 1.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock valued at $1,452,145,000 after buying an additional 477,181 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Dominion Energy by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock valued at $734,007,000 after acquiring an additional 940,402 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its position in Dominion Energy by 0.5% during the second quarter. Diamond Hill Capital Management Inc. now owns 5,780,145 shares of the utilities provider’s stock worth $283,227,000 after acquiring an additional 27,984 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank raised their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Stock Up 0.4 %

D stock opened at $54.04 on Friday. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The firm has a market cap of $45.39 billion, a PE ratio of 18.96, a PEG ratio of 1.45 and a beta of 0.59. The firm’s 50 day moving average price is $57.77 and its 200-day moving average price is $55.20. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.94%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Dominion Energy 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.