Massachusetts Financial Services Co. MA Buys 1,459,926 Shares of Dominion Energy, Inc. (NYSE:D)

Massachusetts Financial Services Co. MA lifted its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,960,638 shares of the utilities provider’s stock after purchasing an additional 1,459,926 shares during the period. Massachusetts Financial Services Co. MA owned 3.69% of Dominion Energy worth $1,667,540,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Simon Quick Advisors LLC grew its stake in shares of Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after buying an additional 184 shares during the last quarter. Choate Investment Advisors grew its position in Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after acquiring an additional 198 shares during the last quarter. Passumpsic Savings Bank increased its holdings in Dominion Energy by 2.7% in the 3rd quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 199 shares in the last quarter. Meridian Financial Partners LLC raised its position in Dominion Energy by 1.6% in the fourth quarter. Meridian Financial Partners LLC now owns 13,970 shares of the utilities provider’s stock valued at $752,000 after purchasing an additional 219 shares during the last quarter. Finally, Register Financial Advisors LLC boosted its stake in shares of Dominion Energy by 5.8% during the fourth quarter. Register Financial Advisors LLC now owns 4,316 shares of the utilities provider’s stock valued at $232,000 after purchasing an additional 237 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the subject of several recent research reports. Argus raised Dominion Energy to a “hold” rating in a research note on Tuesday, March 25th. UBS Group raised their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Scotiabank boosted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley lifted their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Thirteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.58.

Dominion Energy Stock Up 0.2 %

Shares of NYSE:D opened at $56.17 on Wednesday. Dominion Energy, Inc. has a 1 year low of $46.62 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The business’s 50-day moving average is $55.19 and its 200-day moving average is $56.15. The company has a market capitalization of $47.86 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Equities research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

Dominion Energy 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.