Mitsubishi UFJ Trust & Banking Corp Sells 683,625 Shares of 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 lowered its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 18.6% during the first quarter, according to 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 quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.35% of Dominion Energy worth $167,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP increased its stake in shares of Dominion Energy by 8,585.3% in the fourth quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider's stock worth $119,048,000 after acquiring an additional 2,184,873 shares during the last quarter. Zimmer Partners LP bought a new position in Dominion Energy during the fourth quarter valued at approximately $72,269,000. Northern Trust Corp lifted its stake in Dominion Energy by 16.7% in the fourth quarter. Northern Trust Corp now owns 9,315,991 shares of the utilities provider's stock valued at $501,759,000 after acquiring an additional 1,330,459 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Dominion Energy by 6,252.7% during the 1st quarter. GAMMA Investing LLC now owns 1,276,770 shares of the utilities provider's stock valued at $71,588,000 after purchasing an additional 1,256,672 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Performance

D stock traded up $0.75 during trading on Monday, reaching $61.16. 6,819,455 shares of the stock were exchanged, compared to its average volume of 4,351,767. The stock has a 50 day simple moving average of $56.69 and a 200-day simple moving average of $55.39. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $52.16 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.31 and a beta of 0.57. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.81% and a net margin of 16.45%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm's quarterly revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Analyst Upgrades and Downgrades

D has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday, July 15th. Morgan Stanley cut their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.