Sawyer & Company Inc Buys New Stake in Dominion Energy Inc. (D)
Sawyer & Company Inc bought a new stake in shares of Dominion Energy Inc. (NYSE:D) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,244 shares of the utilities provider’s stock, valued at approximately $587,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. MPS Loria Financial Planners LLC bought a new position in shares of Dominion Energy in the second quarter worth approximately $103,000. Johnson Financial Group Inc. boosted its position 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 worth $103,000 after purchasing an additional 800 shares during the period. Pacad Investment Ltd. bought a new position in shares of Dominion Energy in the second quarter worth approximately $107,000. Monroe Bank & Trust MI boosted its position 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 worth $116,000 after purchasing an additional 400 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position 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 worth $119,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 64.60% of the company’s stock.
Several research firms have recently commented on D. Goldman Sachs Group reissued a “neutral” rating and issued a $78.00 target price on shares of Dominion Energy in a report on Thursday, September 14th. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, October 3rd. National Bank Financial downgraded shares of Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a report on Wednesday, October 4th. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Citigroup boosted their target price on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $82.20.
Dominion Energy Inc. (NYSE:D) traded down $1.00 during mid-day trading on Thursday, hitting $76.21. 3,978,200 shares of the stock traded hands, compared to its average volume of 6,098,357. Dominion Energy Inc. has a 1 year low of $70.87 and a 1 year high of $85.30. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29. The stock has a market capitalization of $49,120.00, a P/E ratio of 22.48, a PEG ratio of 3.37 and a beta of 0.30.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. Dominion Energy’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 earnings per share. equities analysts expect that Dominion Energy Inc. will post 3.6 EPS for the current fiscal year.
In related news, Director John W. Harris sold 5,616 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $80.71, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by corporate insiders.
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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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