Dominion Energy, Inc. (NYSE:D) Shares Sold by MML Investors Services LLC

MML Investors Services LLC trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 26.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,666 shares of the utilities provider's stock after selling 25,651 shares during the period. MML Investors Services LLC's holdings in Dominion Energy were worth $4,199,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dunhill Financial LLC increased its holdings in Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in shares of Dominion Energy by 31.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 204,208 shares of the utilities provider's stock worth $11,801,000 after purchasing an additional 49,165 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Dominion Energy during the 3rd quarter worth approximately $1,412,000. National Bank of Canada FI raised its position in shares of Dominion Energy by 61.0% during the 3rd quarter. National Bank of Canada FI now owns 467,014 shares of the utilities provider's stock worth $26,988,000 after purchasing an additional 176,932 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Dominion Energy by 9.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 9,321 shares of the utilities provider's stock valued at $539,000 after buying an additional 783 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Up 0.4 %

Shares of D stock traded up $0.21 during trading hours on Friday, reaching $54.04. The company had a trading volume of 2,985,389 shares, compared to its average volume of 4,466,253. The stock's fifty day simple moving average is $57.77 and its 200 day simple moving average is $55.20. The company has a market capitalization of $45.39 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.45 and a beta of 0.59. 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, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to analysts' expectations of $4.18 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The business's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

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

Wall Street Analyst Weigh In

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

Dominion Energy Company 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.