Hartford Financial Management Inc. decreased its holdings in Dominion Energy Inc (NYSE:D) by 0.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,456 shares of the utilities provider’s stock after selling 329 shares during the period. Dominion Energy makes up about 1.1% of Hartford Financial Management Inc.’s holdings, making the stock its 26th biggest holding. Hartford Financial Management Inc.’s holdings in Dominion Energy were worth $3,441,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 65,524,369 shares of the utilities provider’s stock valued at $5,066,345,000 after purchasing an additional 1,241,779 shares in the last quarter. BlackRock Inc. raised its holdings in Dominion Energy by 1.6% during the 2nd quarter. BlackRock Inc. now owns 56,278,211 shares of the utilities provider’s stock valued at $4,351,431,000 after buying an additional 892,554 shares during the last quarter. Invesco Ltd. raised its holdings in Dominion Energy by 12.4% during the 2nd quarter. Invesco Ltd. now owns 12,690,314 shares of the utilities provider’s stock valued at $981,214,000 after buying an additional 1,398,000 shares during the last quarter. Northern Trust Corp raised its holdings in Dominion Energy by 5.0% during the 2nd quarter. Northern Trust Corp now owns 10,133,515 shares of the utilities provider’s stock valued at $783,524,000 after buying an additional 480,345 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Dominion Energy by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 6,708,987 shares of the utilities provider’s stock valued at $518,739,000 after buying an additional 343,181 shares during the last quarter. 65.20% of the stock is owned by institutional investors.
NYSE:D traded down $0.56 during midday trading on Monday, reaching $81.33. 2,224,863 shares of the stock traded hands, compared to its average volume of 4,032,408. The company has a fifty day moving average of $80.45 and a 200 day moving average of $77.40. Dominion Energy Inc has a 12 month low of $67.41 and a 12 month high of $83.23. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.42 and a current ratio of 0.60. The stock has a market capitalization of $66.46 billion, a P/E ratio of 20.08, a PEG ratio of 4.07 and a beta of 0.22.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the business earned $0.86 EPS. The company’s revenue for the quarter was up 28.6% on a year-over-year basis. On average, analysts predict that Dominion Energy Inc will post 4.15 EPS for the current fiscal year.
In related news, VP Jeffrey Michael Zeiler acquired 15,112 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average cost of $6.31 per share, for a total transaction of $95,356.72. Also, Director Michael E. Szymanczyk acquired 21,400 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $78.85 per share, with a total value of $1,687,390.00. Following the completion of the acquisition, the director now directly owns 19,541 shares in the company, valued at approximately $1,540,807.85. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently commented on the stock. Wells Fargo & Co set a $83.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a report on Friday, August 30th. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $78.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Wolfe Research upgraded shares of Dominion Energy from a “peer perform” rating to an “outperform” rating in a report on Thursday, August 1st. Morgan Stanley upped their price target on shares of Dominion Energy from $86.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $81.09.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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