Dominion Energy, Inc. (NYSE:D) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,960,638 shares of the utilities provider's stock after buying an additional 1,459,926 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.69% of Dominion Energy worth $1,667,540,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of D. Simon Quick Advisors LLC boosted its stake in shares of Dominion Energy by 4.5% in the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after buying an additional 184 shares in the last quarter. Choate Investment Advisors lifted its holdings in Dominion Energy by 5.4% in the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after acquiring an additional 198 shares during the period. Passumpsic Savings Bank boosted its position in shares of Dominion Energy by 2.7% during the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock worth $441,000 after purchasing an additional 199 shares in the last quarter. Meridian Financial Partners LLC grew its stake in shares of Dominion Energy by 1.6% during the 4th quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider's stock worth $752,000 after purchasing an additional 219 shares during the period. Finally, Register Financial Advisors LLC increased its holdings in shares of Dominion Energy by 5.8% in the 4th quarter. Register Financial Advisors LLC now owns 4,316 shares of the utilities provider's stock valued at $232,000 after purchasing an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

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Dominion Energy Trading Down 6.1 %

Shares of Dominion Energy stock traded down $3.42 during mid-day trading on Friday, hitting $52.83. 8,631,022 shares of the stock were exchanged, compared to its average volume of 4,244,841. The company has a 50-day simple moving average of $55.31 and a 200 day simple moving average of $56.10. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $45.02 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a twelve month low of $46.62 and a twelve month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Research analysts forecast that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.05%. Dominion Energy's dividend payout ratio (DPR) is presently 98.89%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley upped their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. lifted their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $57.58.

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.