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Monday, August 13, 2018

Dominion Taking a Hit

Grandfield & Dodd LLC Sells 774 Shares of Dominion Energy Inc (D)

Posted by  on Jul 30th, 2018 // Comments off
Grandfield & Dodd LLC lowered its stake in Dominion Energy Inc (NYSE:D) by 14.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,726 shares of the utilities provider’s stock after selling 774 shares during the quarter. Grandfield & Dodd LLC’s holdings in Dominion Energy were worth $322,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of D. Advisory Services Network LLC raised its holdings in Dominion Energy by 123.4% in the 2nd quarter. Advisory Services Network LLC now owns 9,498 shares of the utilities provider’s stock valued at $679,000 after acquiring an additional 5,247 shares during the last quarter. Kanawha Capital Management LLC raised its holdings in Dominion Energy by 1.3% in the 2nd quarter. Kanawha Capital Management LLC now owns 162,723 shares of the utilities provider’s stock valued at $11,094,000 after acquiring an additional 2,042 shares during the last quarter. Palladium Partners LLC raised its holdings in Dominion Energy by 2.9% in the 2nd quarter. Palladium Partners LLC now owns 83,635 shares of the utilities provider’s stock valued at $5,703,000 after acquiring an additional 2,381 shares during the last quarter. Palisade Asset Management LLC raised its holdings in Dominion Energy by 14.8% in the 2nd quarter. Palisade Asset Management LLC now owns 51,200 shares of the utilities provider’s stock valued at $3,491,000 after acquiring an additional 6,600 shares during the last quarter. Finally, Boston Family Office LLC raised its holdings in Dominion Energy by 5.8% in the 2nd quarter. Boston Family Office LLC now owns 49,160 shares of the utilities provider’s stock valued at $3,352,000 after acquiring an additional 2,705 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.
 
D stock opened at $71.26 on Monday. The firm has a market cap of $46.50 billion, a PE ratio of 19.79, a PEG ratio of 2.86 and a beta of 0.28. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.46 and a quick ratio of 0.31. Dominion Energy Inc has a 52 week low of $61.53 and a 52 week high of $85.30.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, April 27th. The utilities provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.11. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.48 billion. Dominion Energy had a return on equity of 12.88% and a net margin of 23.74%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. analysts forecast that Dominion Energy Inc will post 4.11 earnings per share for the current fiscal year.
In other Dominion Energy news, insider Thomas F. Farrell II purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The stock was purchased at an average cost of $63.44 per share, with a total value of $253,760.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.34% of the company’s stock.
Several brokerages have weighed in on D. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Friday, July 20th. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $67.00 to $70.00 and gave the company a “hold” rating in a report on Monday, July 23rd. Howard Weil began coverage on Dominion Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating for the company. Scotiabank began coverage on Dominion Energy in a report on Tuesday, July 24th. They issued a “hold” rating and a $167.00 price target for the company. Finally, Guggenheim restated a “buy” rating and set a $77.00 price objective on shares of Dominion Energy in a report on Monday, July 23rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $82.64.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)
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A local archivist who specializes in all things Pocahontas County