Aspiriant LLC acquired a new position in Dominion Energy Inc (NYSE:D) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,904 shares of the utilities provider’s stock, valued at approximately $274,000.
A number of other large investors have also added to or reduced their stakes in D. Commonwealth Bank of Australia raised its position in Dominion Energy by 40.5% in the second quarter. Commonwealth Bank of Australia now owns 8,028,891 shares of the utilities provider’s stock worth $549,725,000 after acquiring an additional 2,316,005 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Dominion Energy in the second quarter valued at $33,441,000. Russell Investments Group Ltd. grew its holdings in Dominion Energy by 24.5% in the second quarter. Russell Investments Group Ltd. now owns 1,663,146 shares of the utilities provider’s stock valued at $113,561,000 after purchasing an additional 327,798 shares during the last quarter. Van ECK Associates Corp grew its holdings in Dominion Energy by 113.9% in the second quarter. Van ECK Associates Corp now owns 597,335 shares of the utilities provider’s stock valued at $40,726,000 after purchasing an additional 318,027 shares during the last quarter. Finally, United Services Automobile Association grew its holdings in Dominion Energy by 54.5% in the second quarter. United Services Automobile Association now owns 849,523 shares of the utilities provider’s stock valued at $57,920,000 after purchasing an additional 299,614 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.
D opened at $71.67 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 1.60. The firm has a market cap of $47.55 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.81 and a beta of 0.23. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $85.30.
In related news, Director John W. Harris acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were acquired at an average price of $71.15 per share, with a total value of $711,500.00. Following the completion of the purchase, the director now directly owns 17,495 shares in the company, valued at $1,244,769.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.37% of the stock is owned by company insiders.
D has been the topic of several research reports. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Monday, July 2nd. JPMorgan Chase & Co. upped their target price on Dominion Energy from $67.00 to $70.00 and gave the company a “hold” rating in a report on Monday, July 23rd. Guggenheim reissued a “buy” rating and issued a $77.00 target price on shares of Dominion Energy in a report on Monday, July 23rd. Howard Weil initiated coverage on Dominion Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating on the stock. Finally, Scotiabank initiated coverage on Dominion Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $167.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Dominion Energy has a consensus rating of “Hold” and a consensus price target of $84.75.
About Dominion Energy
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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