MML Investors Services LLC Sells 19,047 Shares of Dominion Energy, Inc. (NYSE:D)

MML Investors Services LLC cut its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,619 shares of the utilities provider's stock after selling 19,047 shares during the period. MML Investors Services LLC's holdings in Dominion Energy were worth $2,888,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Cape Investment Advisory Inc. boosted its holdings in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 300 shares during the period. BankPlus Trust Department bought a new position in shares of Dominion Energy during the 4th quarter worth about $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy in the 4th quarter valued at approximately $27,000. Fairway Wealth LLC acquired a new position in shares of Dominion Energy in the fourth quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after buying an additional 260 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

D has been the subject of a number of recent research reports. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group increased their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Morgan Stanley boosted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $57.00.

Dominion Energy Trading Up 0.8 %

Shares of Dominion Energy stock traded up $0.43 on Thursday, hitting $54.81. 5,560,285 shares of the company's stock traded hands, compared to its average volume of 4,383,208. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. The firm's 50-day moving average price is $54.17 and its two-hundred day moving average price is $55.48. The stock has a market capitalization of $46.71 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. During the same period in the previous year, the firm posted $0.55 earnings per share. The company's revenue for the quarter was up 12.2% on a year-over-year basis. On average, research analysts expect that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

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.