Massachusetts Financial Services Co. MA Lowers Stock Holdings in Dominion Energy Inc. (NYSE:D)

Massachusetts Financial Services Co. MA lowered its stake in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 5.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 29,361,417 shares of the utilities provider's stock after selling 1,599,221 shares during the period. Massachusetts Financial Services Co. MA owned approximately 3.45% of Dominion Energy worth $1,646,295,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Dominion Energy by 450.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after buying an additional 378 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $27,000. Park Square Financial Group LLC bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC lifted its position in shares of Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock worth $28,000 after buying an additional 260 shares in the last quarter. Finally, Navigoe LLC bought a new position in shares of Dominion Energy during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Up 0.6%

D traded up $0.36 on Thursday, hitting $57.53. The company had a trading volume of 1,532,145 shares, compared to its average volume of 4,775,310. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $61.97. The stock has a fifty day simple moving average of $55.97 and a 200-day simple moving average of $55.00. The firm has a market capitalization of $49.06 billion, a P/E ratio of 21.55, a P/E/G ratio of 1.23 and a beta of 0.56.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 15.55% and a return on equity of 9.51%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the firm earned $0.55 earnings per share. The business's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on D shares. Argus raised shares of Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group lifted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Morgan Stanley lowered their price target on shares of Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $58.88.

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.