QUANTRES ASSET MANAGEMENT Ltd lifted its holdings in Dominion Energy Inc. (NYSE:D) by 73.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,600 shares of the utilities provider’s stock after purchasing an additional 6,600 shares during the quarter. QUANTRES ASSET MANAGEMENT Ltd’s holdings in Dominion Energy were worth $1,265,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new position in Dominion Energy during the second quarter valued at about $1,115,000. Verition Fund Management LLC bought a new position in Dominion Energy during the second quarter valued at about $995,000. Shell Asset Management Co. boosted its stake in Dominion Energy by 64.7% during the third quarter. Shell Asset Management Co. now owns 343,550 shares of the utilities provider’s stock valued at $23,736,000 after buying an additional 134,951 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Dominion Energy by 27.5% during the second quarter. Westwood Holdings Group Inc. now owns 7,769 shares of the utilities provider’s stock valued at $595,000 after buying an additional 1,674 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Dominion Energy during the second quarter valued at about $528,000. 64.60% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on the company. Bank of America set a $87.00 target price on Dominion Energy and gave the company a “buy” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 target price for the company in a report on Thursday, December 14th. Morgan Stanley upped their target price on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $82.20.
Dominion Energy Inc. (D) remained flat at $$76.21 on Friday. The stock had a trading volume of 3,545,800 shares, compared to its average volume of 5,779,288. Dominion Energy Inc. has a 12-month low of $70.87 and a 12-month high of $85.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. The company has a market capitalization of $49,040.00, a PE ratio of 22.48, a P/E/G ratio of 3.37 and a beta of 0.30.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the business earned $1.14 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. sell-side analysts predict that Dominion Energy Inc. will post 3.6 earnings per share for the current year.
In other news, Director John W. Harris sold 5,616 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the transaction, the director now owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.
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Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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