Massachusetts Financial Services Co. MA Has $1.70 Billion Holdings in Dominion Energy, Inc. (NYSE:D)

Massachusetts Financial Services Co. MA decreased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 29,500,712 shares of the utilities provider’s stock after selling 134,909 shares during the quarter. Massachusetts Financial Services Co. MA owned 3.51% of Dominion Energy worth $1,704,846,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. BLB&B Advisors LLC lifted its position in shares of Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after acquiring an additional 173 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Dominion Energy by 1.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after buying an additional 195 shares in the last quarter. Valley National Advisers Inc. increased its holdings in Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after buying an additional 198 shares during the period. Altman Advisors Inc. raised its stake in shares of Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock valued at $1,423,000 after buying an additional 198 shares in the last quarter. Finally, Centennial Wealth Advisory LLC lifted its holdings in shares of Dominion Energy by 2.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider’s stock worth $362,000 after acquiring an additional 199 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

D stock opened at $57.80 on Thursday. The business’s fifty day moving average is $58.05 and its 200-day moving average is $54.73. The company has a market cap of $48.55 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 1.53 and a beta of 0.59. 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 twelve month low of $43.53 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.62%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.

Analysts Set New Price Targets

D has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Scotiabank boosted their target price on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $55.91.

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.