Massmutual Trust Co. FSB ADV reduced its position in Dominion Energy Inc (NYSE:D) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,380 shares of the utilities provider’s stock after selling 1,147 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Dominion Energy were worth $4,244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC raised its position in Dominion Energy by 18.0% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 4,608 shares of the utilities provider’s stock worth $324,000 after acquiring an additional 702 shares in the last quarter. Victory Capital Management Inc. increased its position in Dominion Energy by 0.3% during the 2nd quarter. Victory Capital Management Inc. now owns 261,842 shares of the utilities provider’s stock worth $17,852,000 after purchasing an additional 726 shares in the last quarter. Good Life Advisors LLC increased its position in Dominion Energy by 6.4% during the 3rd quarter. Good Life Advisors LLC now owns 12,415 shares of the utilities provider’s stock worth $873,000 after purchasing an additional 748 shares in the last quarter. Wetherby Asset Management Inc. increased its position in Dominion Energy by 9.6% during the 3rd quarter. Wetherby Asset Management Inc. now owns 8,656 shares of the utilities provider’s stock worth $609,000 after purchasing an additional 756 shares in the last quarter. Finally, Cahill Financial Advisors Inc. boosted its stake in Dominion Energy by 17.8% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 5,035 shares of the utilities provider’s stock worth $344,000 after buying an additional 760 shares during the last quarter. 67.43% of the stock is owned by hedge funds and other institutional investors.

D opened at $74.42 on Tuesday. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $85.30. The stock has a market capitalization of $48.22 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.98 and a beta of 0.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.46 and a current ratio of 0.62.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, November 1st. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Dominion Energy had a return on equity of 13.24% and a net margin of 24.63%. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.41 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. On average, analysts expect that Dominion Energy Inc will post 4.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be issued a dividend of $0.835 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $3.34 annualized dividend and a dividend yield of 4.49%. Dominion Energy’s dividend payout ratio (DPR) is presently 92.78%.

In related news, Director John W. Harris acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was acquired at an average cost of $71.15 per share, for a total transaction of $711,500.00. Following the completion of the acquisition, the director now directly owns 17,495 shares of the company’s stock, valued at approximately $1,244,769.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by corporate insiders.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Tuesday, September 18th. Scotiabank started coverage on Dominion Energy in a report on Tuesday, July 24th. They set a “hold” rating and a $167.00 price objective on the stock. Barclays set a $79.00 price target on Dominion Energy and gave the company a “buy” rating in a report on Saturday. Macquarie set a $74.00 price target on Dominion Energy and gave the company a “buy” rating in a report on Tuesday, September 25th. Finally, Guggenheim restated a “buy” rating and set a $77.00 price objective on shares of Dominion Energy in a research report on Monday, July 23rd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Dominion Energy presently has an average rating of “Buy” and an average price target of $84.58.

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About Dominion Energy

Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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

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