Dominion Energy Inc (NYSE:D) Shares Purchased by World Asset Management Inc

World Asset Management Inc increased its stake in shares of Dominion Energy Inc (NYSE:D) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 53,548 shares of the utilities provider’s stock after purchasing an additional 1,092 shares during the period. World Asset Management Inc’s holdings in Dominion Energy were worth $4,340,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in D. Zimmer Partners LP lifted its position in Dominion Energy by 84.4% during the 2nd quarter. Zimmer Partners LP now owns 3,364,742 shares of the utilities provider’s stock worth $260,162,000 after acquiring an additional 1,539,742 shares in the last quarter. Invesco Ltd. lifted its position in Dominion Energy by 12.4% during the 2nd quarter. Invesco Ltd. now owns 12,690,314 shares of the utilities provider’s stock worth $981,214,000 after acquiring an additional 1,398,000 shares in the last quarter. Vanguard Group Inc. lifted its position in Dominion Energy by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 65,524,369 shares of the utilities provider’s stock worth $5,066,345,000 after acquiring an additional 1,241,779 shares in the last quarter. Prudential Financial Inc. lifted its position in Dominion Energy by 50.7% during the 2nd quarter. Prudential Financial Inc. now owns 2,846,170 shares of the utilities provider’s stock worth $220,066,000 after acquiring an additional 957,712 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Dominion Energy by 1.6% during the 2nd quarter. BlackRock Inc. now owns 56,278,211 shares of the utilities provider’s stock worth $4,351,431,000 after acquiring an additional 892,554 shares in the last quarter. 65.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of D traded down $0.14 during trading on Wednesday, reaching $82.68. The company’s stock had a trading volume of 67,630 shares, compared to its average volume of 3,139,784. The company has a fifty day moving average of $80.21 and a two-hundred day moving average of $77.32. Dominion Energy Inc has a twelve month low of $67.41 and a twelve month high of $83.23. The company has a market cap of $66.22 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 4.10 and a beta of 0.22. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 1.38.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the company posted $0.86 EPS. Dominion Energy’s quarterly revenue was up 28.6% on a year-over-year basis. As a group, equities analysts forecast that Dominion Energy Inc will post 4.16 EPS for the current fiscal year.

D has been the topic of several recent research reports. TheStreet raised Dominion Energy from a “c+” rating to a “b-” rating in a research report on Thursday, September 19th. 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 research report on Thursday, July 4th. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $78.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Morgan Stanley boosted their price target on Dominion Energy from $86.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Credit Suisse Group raised Dominion Energy from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Dominion Energy currently has a consensus rating of “Hold” and an average price target of $81.09.

In other news, Director Michael E. Szymanczyk purchased 21,400 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $78.85 per share, with a total value of $1,687,390.00. Following the transaction, the director now owns 19,541 shares in the company, valued at approximately $1,540,807.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jeffrey Michael Zeiler purchased 15,112 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were purchased at an average cost of $6.31 per share, for a total transaction of $95,356.72. Corporate insiders own 0.26% of the company’s stock.

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.

Further Reading: Momentum Indicators

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

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