World Asset Management Inc Has $1.99 Million Position in Dominion Energy Inc (NYSE:D)

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World Asset Management Inc decreased its stake in Dominion Energy Inc (NYSE:D) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,201 shares of the utilities provider’s stock after selling 251 shares during the period. World Asset Management Inc’s holdings in Dominion Energy were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cozad Asset Management Inc. raised its stake in Dominion Energy by 1.8% during the second quarter. Cozad Asset Management Inc. now owns 15,571 shares of the utilities provider’s stock worth $1,264,000 after buying an additional 276 shares during the last quarter. Canandaigua National Corp bought a new position in shares of Dominion Energy in the 2nd quarter worth about $1,503,000. Courier Capital LLC lifted its stake in shares of Dominion Energy by 9.4% in the 2nd quarter. Courier Capital LLC now owns 3,498 shares of the utilities provider’s stock valued at $289,000 after purchasing an additional 300 shares during the period. APG Asset Management N.V. boosted its position in shares of Dominion Energy by 49.7% during the 1st quarter. APG Asset Management N.V. now owns 2,164,176 shares of the utilities provider’s stock valued at $156,232,000 after purchasing an additional 718,882 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Dominion Energy by 6.2% during the second quarter. Principal Financial Group Inc. now owns 1,199,034 shares of the utilities provider’s stock worth $97,338,000 after purchasing an additional 69,543 shares during the period. Institutional investors own 66.53% of the company’s stock.

Dominion Energy stock traded down $0.04 during midday trading on Friday, hitting $81.14. 2,386,655 shares of the stock were exchanged, compared to its average volume of 3,993,100. Dominion Energy Inc has a 52-week low of $57.79 and a 52-week high of $90.89. The company has a quick ratio of 0.46, a current ratio of 0.64 and a debt-to-equity ratio of 1.30. The business’s 50-day moving average price is $79.59 and its 200-day moving average price is $79.75. The stock has a market capitalization of $68.17 billion, a price-to-earnings ratio of 109.65, a price-to-earnings-growth ratio of 6.46 and a beta of 0.36.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, July 31st. The utilities provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Dominion Energy had a net margin of 3.77% and a return on equity of 12.09%. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS. On average, sell-side analysts predict that Dominion Energy Inc will post 3.64 earnings per share for the current fiscal year.

In other Dominion Energy news, Chairman Thomas F. Farrell II sold 50,000 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $80.28, for a total value of $4,014,000.00. Following the completion of the transaction, the chairman now owns 1,038,262 shares in the company, valued at approximately $83,351,673.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $82.00 to $84.00 in a report on Tuesday, September 29th. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating and set a $82.00 target price on the stock in a research note on Wednesday, September 9th. Mizuho downgraded shares of Dominion Energy from a “neutral” rating to an “underperform” rating and set a $68.00 price target for the company. in a research note on Tuesday, July 7th. TheStreet cut shares of Dominion Energy from a “b-” rating to a “c+” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, July 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $81.94.

About Dominion Energy

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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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