PFG Investments LLC Takes $680,000 Position in Dominion Energy, Inc. (NYSE:D)

PFG Investments LLC acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 1st quarter, Holdings Channel reports. The fund acquired 13,818 shares of the utilities provider’s stock, valued at approximately $680,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its stake in Dominion Energy by 631.2% in the third quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock valued at $729,898,000 after buying an additional 14,105,237 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Dominion Energy by 136.5% in the fourth quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock valued at $844,630,000 after purchasing an additional 10,370,768 shares during the last quarter. Norges Bank acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $329,792,000. ClearBridge Investments Ltd acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $214,220,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of 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 last quarter. Institutional investors own 73.04% of the company’s stock.

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

Dominion Energy Trading Up 1.4 %

NYSE D traded up $0.69 during trading hours on Monday, reaching $51.14. The company’s stock had a trading volume of 2,603,696 shares, compared to its average volume of 5,295,269. The firm has a fifty day simple moving average of $48.27 and a 200-day simple moving average of $46.49. The stock has a market cap of $42.83 billion, a P/E ratio of 21.95, a P/E/G ratio of 3.37 and a beta of 0.61. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $57.65. 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 (NYSE:D) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The business had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the business earned $1.06 EPS. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Equities analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

D has been the topic of a number of recent research reports. Mizuho lowered their price objective on shares of Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Guggenheim lowered their target price on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. BMO Capital Markets downgraded shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price on the stock. in a report on Monday, March 11th. Bank of America boosted their target price on shares of Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, April 23rd. Finally, StockNews.com downgraded shares of 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, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.10.

Dominion Energy 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.