Community Bank N.A. increased its stake in Dominion Energy Inc (NYSE:D) by 2.0% during the third quarter, HoldingsChannel.com reports. The fund owned 55,548 shares of the utilities provider’s stock after buying an additional 1,107 shares during the period. Community Bank N.A.’s holdings in Dominion Energy were worth $4,502,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. lifted its holdings in Dominion Energy by 6.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 457,011 shares of the utilities provider’s stock valued at $35,034,000 after purchasing an additional 28,004 shares in the last quarter. Bath Savings Trust Co raised its holdings in shares of Dominion Energy by 7.3% during the 2nd quarter. Bath Savings Trust Co now owns 6,651 shares of the utilities provider’s stock worth $514,000 after acquiring an additional 450 shares during the period. Thomasville National Bank raised its holdings in shares of Dominion Energy by 6.9% during the 2nd quarter. Thomasville National Bank now owns 44,713 shares of the utilities provider’s stock worth $3,457,000 after acquiring an additional 2,897 shares during the period. Private Trust Co. NA raised its holdings in shares of Dominion Energy by 21.2% during the 2nd quarter. Private Trust Co. NA now owns 7,212 shares of the utilities provider’s stock worth $557,000 after acquiring an additional 1,263 shares during the period. Finally, Woodstock Corp raised its holdings in shares of Dominion Energy by 3.8% during the 2nd quarter. Woodstock Corp now owns 18,772 shares of the utilities provider’s stock worth $1,451,000 after acquiring an additional 690 shares during the period. Institutional investors and hedge funds own 65.20% of the company’s stock.
Several research analysts have recently commented on D shares. TheStreet upgraded Dominion Energy from a “c+” rating to a “b-” rating in a report on Thursday, September 19th. Wells Fargo & Co set a $83.00 price target on Dominion Energy and gave the stock a “hold” rating in a report on Friday, August 30th. Morgan Stanley lifted their price target on Dominion Energy from $86.00 to $87.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $78.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Zacks Investment Research lowered Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 price target on the stock. in a report on Thursday, July 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $81.09.
Shares of D opened at $82.72 on Friday. The firm has a market cap of $66.46 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 4.07 and a beta of 0.22. Dominion Energy Inc has a 12-month low of $67.41 and a 12-month high of $83.23. The company’s 50-day moving average price is $80.40 and its 200 day moving average price is $77.38. The company has a current ratio of 0.60, a quick ratio of 0.42 and a debt-to-equity ratio of 1.38.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. Dominion Energy’s revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Equities research analysts forecast that Dominion Energy Inc will post 4.16 earnings per share for the current year.
Dominion Energy Company Profile
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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