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

Massmutual Trust Co. FSB ADV cut its position in Dominion Energy, Inc. (NYSE:D) by 88.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,988 shares of the utilities provider’s stock after selling 30,369 shares during the quarter. 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.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Criterion Capital Advisors LLC acquired a new stake in Dominion Energy in the fourth quarter valued at $29,000. Rise Advisors LLC acquired a new stake in Dominion Energy in the first quarter valued at $30,000. LRI Investments LLC acquired a new stake in Dominion Energy in the first quarter valued at $30,000. Janiczek Wealth Management LLC raised its holdings in Dominion Energy by 20,100.0% in the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 804 shares in the last quarter. Finally, Albion Financial Group UT raised its holdings in Dominion Energy by 300.0% in the first quarter. Albion Financial Group UT now owns 800 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 600 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on D. Barclays dropped their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. BMO Capital Markets lifted their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday. Evercore ISI lifted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Finally, Mizuho lifted their price objective on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $52.18.

Dominion Energy Stock Down 3.7 %

NYSE D traded down $2.05 during trading on Monday, reaching $54.03. The company’s stock had a trading volume of 5,070,277 shares, compared to its average volume of 4,665,993. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $45.25 billion, a PE ratio of 27.89, a PEG ratio of 1.50 and a beta of 0.58. The business has a 50-day moving average price of $51.24 and a 200-day moving average price of $49.40. Dominion Energy, Inc. has a 1-year low of $39.18 and a 1-year 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, beating 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 analysts’ expectations of $3.73 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. On average, research analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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

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.