Dominion Energy, Inc. (NYSE:D) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,920,479 shares of the utilities provider's stock after acquiring an additional 25,111 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Dominion Energy worth $110,984,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Family Firm Inc. purchased a new position in Dominion Energy during the second quarter valued at $27,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy in the third quarter worth approximately $28,000. LRI Investments LLC purchased a new stake in Dominion Energy during the 1st quarter valued at $30,000. Triad Wealth Partners LLC bought a new stake in Dominion Energy in the 2nd quarter worth about $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Dominion Energy in the second quarter worth approximately $35,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 0.1 %

Shares of D stock traded down $0.07 on Thursday, hitting $56.51. The stock had a trading volume of 1,695,710 shares, compared to its average volume of 4,418,218. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The business has a 50 day moving average price of $58.05 and a 200 day moving average price of $54.52. The company has a market cap of $47.47 billion, a PE ratio of 19.85, a P/E/G ratio of 1.52 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to analysts' expectations of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. Research analysts anticipate that Dominion Energy, Inc. will post 2.76 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, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's dividend payout ratio is presently 93.68%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on D. The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank lifted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, August 12th. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a "market perform" rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a "hold" rating and a $58.00 price objective for the company. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $55.91.

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.