TCG Advisory Services LLC Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

TCG Advisory Services LLC increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 218.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,817 shares of the utilities provider’s stock after purchasing an additional 19,758 shares during the quarter. TCG Advisory Services LLC’s holdings in Dominion Energy were worth $1,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in D. JPMorgan Chase & Co. boosted its holdings in Dominion Energy by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock valued at $1,045,051,000 after purchasing an additional 1,928,823 shares during the period. Wellington Management Group LLP grew its stake in shares of Dominion Energy by 631.2% during the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after purchasing an additional 14,105,237 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Dominion Energy by 2.7% in the 3rd quarter. Northern Trust Corp now owns 8,527,408 shares of the utilities provider’s stock valued at $380,919,000 after acquiring an additional 220,238 shares during the last quarter. Federated Hermes Inc. raised its holdings in Dominion Energy by 1.0% during the fourth quarter. Federated Hermes Inc. now owns 7,612,107 shares of the utilities provider’s stock worth $357,769,000 after purchasing an additional 75,600 shares in the last quarter. Finally, Morgan Stanley lifted its position in Dominion Energy by 12.8% in the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock valued at $316,395,000 after acquiring an additional 803,341 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.5 %

Dominion Energy stock traded up $0.24 during midday trading on Friday, hitting $51.40. 3,741,756 shares of the company were exchanged, compared to its average volume of 4,113,876. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.27. The company’s fifty day moving average price is $48.67 and its 200-day moving average price is $46.68. The company has a market cap of $43.05 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 3.42 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue was down 6.5% on a year-over-year basis. On average, research analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on D shares. Bank of America upped their target price on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Tuesday, April 23rd. Evercore ISI upped their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday. Wells Fargo & Company raised their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday. Guggenheim reduced their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Finally, StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and an average target price of $50.45.

Insider Transactions at Dominion Energy

In other news, Director Joseph M. Rigby acquired 2,130 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert M. Blue purchased 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the transaction, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.14% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.