Franklin Street Advisors Inc. NC Acquires 4,608 Shares of Dominion Energy Inc. (D)

Franklin Street Advisors Inc. NC lifted its stake in Dominion Energy Inc. (NYSE:D) by 105.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,968 shares of the utilities provider’s stock after acquiring an additional 4,608 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Dominion Energy were worth $727,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. MPS Loria Financial Planners LLC acquired a new stake in Dominion Energy during the 2nd quarter worth approximately $103,000. Johnson Financial Group Inc. lifted its holdings in Dominion Energy by 146.8% during the 3rd quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after buying an additional 800 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Dominion Energy during the 2nd quarter worth approximately $107,000. Monroe Bank & Trust MI lifted its holdings in Dominion Energy by 36.1% during the 2nd quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock worth $116,000 after buying an additional 400 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Dominion Energy by 183.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock worth $119,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 64.50% of the company’s stock.

Dominion Energy Inc. (D) traded down $0.67 during mid-day trading on Wednesday, hitting $75.27. 9,056,800 shares of the stock traded hands, compared to its average volume of 5,964,190. Dominion Energy Inc. has a one year low of $70.87 and a one year high of $85.30. The firm has a market cap of $48,550.00, a PE ratio of 22.20, a PEG ratio of 3.34 and a beta of 0.30. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29.

Dominion Energy (NYSE:D) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter last year, the business earned $1.14 EPS. The business’s revenue was up 1.5% on a year-over-year basis. equities research analysts forecast that Dominion Energy Inc. will post 3.6 earnings per share for the current year.

In related news, Director John W. Harris sold 5,616 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the sale, the director now owns 18,920 shares in the company, valued at $1,527,033.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by company insiders.

A number of brokerages have commented on D. Bank of America began coverage on shares of Dominion Energy in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price objective on the stock. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley increased their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $82.10.

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Dominion Energy Profile

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.

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

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