MML Investors Services LLC Has $2.89 Million Position in Dominion Energy, Inc. (NYSE:D)

MML Investors Services LLC cut its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 26.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,619 shares of the utilities provider's stock after selling 19,047 shares during the quarter. MML Investors Services LLC's holdings in Dominion Energy were worth $2,888,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Simon Quick Advisors LLC grew its position in Dominion Energy by 4.5% in the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock worth $229,000 after purchasing an additional 184 shares in the last quarter. Cadence Bank grew its position in Dominion Energy by 2.0% in the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after purchasing an additional 189 shares in the last quarter. Choate Investment Advisors grew its position in Dominion Energy by 5.4% in the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock worth $209,000 after purchasing an additional 198 shares in the last quarter. Passumpsic Savings Bank grew its position in Dominion Energy by 2.7% in 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. Finally, Covestor Ltd grew its position in Dominion Energy by 16.9% in the 4th quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock worth $81,000 after purchasing an additional 217 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Down 0.8 %

D opened at $52.94 on Monday. The company has a 50 day moving average of $54.32 and a 200 day moving average of $55.51. The company has a market cap of $45.12 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (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%. On average, sell-side analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on D. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley increased their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Dominion Energy has a consensus rating of "Hold" and an average target price of $57.00.

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.

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