Pathstone Family Office LLC raised its stake in Dominion Energy Inc. (NYSE:D) by 0.6% during the first quarter, Holdings Channel reports. The fund owned 3,199 shares of the utilities provider’s stock after buying an additional 20 shares during the period. Pathstone Family Office LLC’s holdings in Dominion Energy were worth $249,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Blackstart Capital LP acquired a new position in shares of Dominion Energy during the first quarter valued at about $7,506,000. Geode Capital Management LLC raised its position in shares of Dominion Energy by 7.7% in the first quarter. Geode Capital Management LLC now owns 5,843,417 shares of the utilities provider’s stock valued at $452,596,000 after buying an additional 420,250 shares during the last quarter. Azimuth Capital Management LLC raised its position in shares of Dominion Energy by 4.4% in the first quarter. Azimuth Capital Management LLC now owns 14,497 shares of the utilities provider’s stock valued at $1,125,000 after buying an additional 611 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Dominion Energy by 17.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 108,933 shares of the utilities provider’s stock valued at $8,450,000 after buying an additional 16,229 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Dominion Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 43,602,368 shares of the utilities provider’s stock valued at $3,382,237,000 after buying an additional 1,435,767 shares during the last quarter. Institutional investors own 66.18% of the company’s stock.
Shares of Dominion Energy Inc. (NYSE D) opened at 77.18 on Tuesday. The stock’s 50 day moving average is $77.58 and its 200-day moving average is $77.12. The stock has a market cap of $48.55 billion, a P/E ratio of 21.61 and a beta of 0.28. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65.
Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 4th. The utilities provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.01. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.49 billion. Dominion Energy had a return on equity of 14.53% and a net margin of 18.29%. Dominion Energy’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, equities analysts forecast that Dominion Energy Inc. will post $3.65 EPS for the current year.
Several research analysts recently issued reports on the stock. Citigroup Inc. decreased their price target on shares of Dominion Energy from $78.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, July 26th. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a research note on Saturday, June 3rd. Finally, Morgan Stanley decreased their price target on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating for the company in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Dominion Energy has an average rating of “Hold” and an average price target of $80.43.
About Dominion Energy
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.
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