Alpha Cubed Investments LLC Purchases New Holdings in Dominion Energy Inc (D)

Alpha Cubed Investments LLC purchased a new position in shares of Dominion Energy Inc (NYSE:D) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,674 shares of the utilities provider’s stock, valued at approximately $344,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kaizen Advisory LLC increased its stake in shares of Dominion Energy by 136.6% in the 2nd quarter. Kaizen Advisory LLC now owns 1,474 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 851 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of Dominion Energy in the 3rd quarter valued at $132,000. Bridgeworth LLC bought a new stake in shares of Dominion Energy in the 2nd quarter valued at $166,000. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in shares of Dominion Energy by 310.6% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,644 shares of the utilities provider’s stock valued at $180,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Patton Albertson Miller Group LLC bought a new stake in shares of Dominion Energy in the 3rd quarter valued at $185,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

NYSE D opened at $71.67 on Friday. Dominion Energy Inc has a 12-month low of $61.53 and a 12-month high of $85.30. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.52 and a quick ratio of 0.36. The firm has a market capitalization of $47.55 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 2.81 and a beta of 0.23.



Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.04 billion. Dominion Energy had a net margin of 23.69% and a return on equity of 13.13%. Dominion Energy’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 EPS. On average, sell-side analysts expect that Dominion Energy Inc will post 4.15 earnings per share for the current year.

D has been the subject of several research reports. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Monday, October 22nd. Barclays initiated coverage on shares of Dominion Energy in a research report on Monday, October 22nd. They issued a “buy” rating and a $78.00 price target for the company. JPMorgan Chase & Co. raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $78.00 price target for the company in a research report on Tuesday, October 9th. ValuEngine raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. Finally, Macquarie set a $74.00 price target on shares of Dominion Energy and gave the company a “buy” rating in a research report on Tuesday, September 25th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and a consensus target price of $84.75.

In other news, Director John W. Harris acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were purchased at an average cost of $71.15 per share, with a total value of $711,500.00. Following the acquisition, the director now directly owns 17,495 shares of the company’s stock, valued at $1,244,769.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.37% of the stock is owned by insiders.

Dominion Energy Profile

Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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