Dorsey & Whitney Trust CO LLC increased its position in shares of Dominion Energy Inc (NYSE:D) by 18.0% in the third quarter, HoldingsChannel.com reports. The firm owned 4,608 shares of the utilities provider’s stock after purchasing an additional 702 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Dominion Energy were worth $324,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in D. CIBC World Markets Inc. boosted its stake in shares of Dominion Energy by 25.6% during the 1st quarter. CIBC World Markets Inc. now owns 7,793 shares of the utilities provider’s stock worth $525,000 after purchasing an additional 1,587 shares during the period. Principal Financial Group Inc. boosted its position in Dominion Energy by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 932,301 shares of the utilities provider’s stock valued at $62,865,000 after buying an additional 11,234 shares during the period. Allianz Asset Management GmbH boosted its position in Dominion Energy by 361.7% in the 1st quarter. Allianz Asset Management GmbH now owns 81,566 shares of the utilities provider’s stock valued at $5,500,000 after buying an additional 63,901 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Dominion Energy in the 1st quarter valued at about $380,000. Finally, Pensionfund Sabic purchased a new stake in Dominion Energy in the 2nd quarter valued at about $2,386,000. 67.44% of the stock is owned by hedge funds and other institutional investors.
NYSE:D opened at $71.67 on Friday. Dominion Energy Inc has a one year low of $61.53 and a one year 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 stock has a market capitalization of $46.86 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 2.77 and a beta of 0.23.
Several equities research analysts have issued reports on the stock. Guggenheim reissued a “buy” rating and issued a $77.00 price objective on shares of Dominion Energy in a research report on Monday, July 23rd. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Monday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Dominion Energy from $67.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, July 23rd. Bank of America lowered their price objective on shares of Dominion Energy from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. Finally, Barclays assumed coverage on shares of Dominion Energy in a research report on Monday, October 22nd. They issued a “buy” rating and a $78.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $84.75.
In other news, Director John W. Harris acquired 10,000 shares of Dominion Energy stock in a transaction that occurred on Tuesday, August 28th. The stock was purchased at an average price of $71.15 per share, for a total transaction of $711,500.00. Following the purchase, the director now directly owns 17,495 shares in the company, valued at approximately $1,244,769.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.
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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