National Pension Service Boosts Holdings in Dominion Energy Inc. (D)
National Pension Service boosted its stake in Dominion Energy Inc. (NYSE:D) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 534,938 shares of the utilities provider’s stock after buying an additional 16,442 shares during the period. National Pension Service’s holdings in Dominion Energy were worth $43,362,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of D. MPS Loria Financial Planners LLC bought a new position in shares of Dominion Energy in the second quarter valued at $103,000. Johnson Financial Group Inc. lifted its stake in shares of Dominion Energy by 146.8% in the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock valued at $103,000 after buying an additional 800 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of Dominion Energy in the second quarter valued at $107,000. Monroe Bank & Trust MI lifted its stake in shares of Dominion Energy by 36.1% in the second quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock valued at $116,000 after buying an additional 400 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Dominion Energy by 183.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock valued at $119,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 64.50% of the company’s stock.
A number of research firms recently weighed in on D. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, October 3rd. Gabelli reissued a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Bank of America set a $87.00 price target on shares of Dominion Energy and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Finally, Citigroup raised their price target on shares of Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $82.10.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share. research analysts predict that Dominion Energy Inc. will post 3.6 EPS for the current fiscal year.
In other Dominion Energy news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the sale, the director now owns 18,920 shares of the company’s stock, valued at $1,527,033.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.37% of the company’s stock.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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