Dominion Energy Inc. $D Position Reduced by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of Dominion Energy Inc. (NYSE:D) by 2.5% during the third quarter, Holdings Channel reports. The firm owned 1,909,816 shares of the utilities provider’s stock after selling 48,014 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Dominion Energy were worth $115,582,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of D. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $31,000. Beacon Financial Strategies CORP boosted its stake in Dominion Energy by 269.2% in the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock valued at $33,000 after buying an additional 350 shares in the last quarter. Arlington Trust Co LLC boosted its stake in Dominion Energy by 47.1% in the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock valued at $34,000 after buying an additional 160 shares in the last quarter. Burnham & Co LLC acquired a new stake in Dominion Energy in the 2nd quarter valued at $34,000. Finally, Community Bank N.A. bought a new stake in Dominion Energy in the second quarter valued at $35,000. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on D. Scotiabank dropped their price objective on Dominion Energy from $67.00 to $63.00 and set a “sector perform” rating for the company in a research note on Wednesday, September 30th. Evercore boosted their target price on shares of Dominion Energy from $67.00 to $70.00 in a research note on Thursday, October 8th. Morgan Stanley lowered their target price on shares of Dominion Energy from $68.00 to $66.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Jefferies Financial Group lowered their target price on shares of Dominion Energy from $79.00 to $71.00 and set a “buy” rating on the stock in a report on Monday, September 21st. Finally, Truist Financial dropped their target price on shares of Dominion Energy from $66.00 to $62.00 and set a “hold” rating for the company in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $69.33.

Dominion Energy Trading Up 1.8%

Shares of NYSE D opened at $67.83 on Tuesday. Dominion Energy Inc. has a 1-year low of $55.85 and a 1-year high of $72.99. The company has a 50-day moving average of $63.80 and a two-hundred day moving average of $64.82. The company has a market cap of $59.66 billion, a PE ratio of 22.53, a P/E/G ratio of 2.98 and a beta of 0.64. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, October 30th. The utilities provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.21 by $0.07. The business had revenue of $5.62 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. Dominion Energy’s revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 earnings per share. As a group, equities analysts expect that Dominion Energy Inc. will post 3.59 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 20th. Shareholders of record on Friday, December 4th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, December 4th. Dominion Energy’s dividend payout ratio (DPR) is presently 88.70%.

Dominion Energy Company Profile

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas distribution services to residential, commercial, industrial and governmental customers, primarily in Virginia and South Carolina.

The company operates a diversified power-generation portfolio that includes nuclear, natural gas, renewable energy and other resources. Its activities also include electricity transmission infrastructure, renewable energy development and natural gas utility operations.