Mitsubishi UFJ Trust & Banking Corp Lowers Stake in Dominion Energy Inc. (NYSE:D)

Key Points

• Mitsubishi UFJ Trust & Banking Corp sold 683,625 shares of Dominion Energy Inc., reducing its holding by 18.6%, while maintaining ownership of approximately 2,995,083 shares valued at $167,934,000.
• Dominion Energy recently reported a quarterly earnings per share of $0.75, missing expectations by $0.02, despite achieving a revenue of $3.81 billion.
• The company announced a quarterly dividend of $0.6675 per share, resulting in an annualized yield of 4.4% and a payout ratio of 100%.

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 18.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,995,083 shares of the utilities provider's stock after selling 683,625 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.35% of Dominion Energy worth $167,934,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of D. Bank of New York Mellon Corp boosted its holdings in Dominion Energy by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider's stock valued at $890,318,000 after purchasing an additional 939,835 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Dominion Energy by 2.9% in the 4th quarter. Bank of America Corp DE now owns 11,946,195 shares of the utilities provider's stock worth $643,422,000 after acquiring an additional 336,747 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Dominion Energy by 0.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 11,450,928 shares of the utilities provider's stock worth $616,747,000 after acquiring an additional 63,206 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Dominion Energy by 6.8% in the 4th quarter. Invesco Ltd. now owns 10,959,325 shares of the utilities provider's stock worth $590,269,000 after acquiring an additional 701,653 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Dominion Energy by 16.7% in the 4th quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock worth $501,759,000 after acquiring an additional 1,330,459 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Down 0.1%

Shares of NYSE:D traded down $0.08 during trading hours on Wednesday, reaching $61.00. The stock had a trading volume of 4,050,577 shares, compared to its average volume of 5,380,345. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $61.97. The firm's 50 day moving average is $56.88 and its 200-day moving average is $55.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.53 and a current ratio of 0.67. The stock has a market capitalization of $52.06 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 1.33 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the prior year, the company posted $0.65 earnings per share. The company's revenue for the quarter was up 9.3% on a year-over-year basis. Research analysts predict that Dominion Energy Inc. will post 3.39 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 Saturday, September 20th. Investors of record on Friday, September 5th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is 92.07%.

Wall Street Analyst Weigh In

D has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $53.00 to $56.00 and gave the stock an "underweight" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $59.14.

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.