Woodstock Corp Lowers Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Woodstock Corp trimmed its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 2.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 20,981 shares of the utilities provider’s stock after selling 475 shares during the period. Woodstock Corp’s holdings in Dominion Energy were worth $1,594,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in Dominion Energy by 0.9% in the 4th quarter. California Public Employees Retirement System now owns 5,591,087 shares of the utilities provider’s stock worth $420,450,000 after acquiring an additional 50,495 shares during the last quarter. Norges Bank purchased a new position in Dominion Energy in the 4th quarter worth approximately $344,479,000. Wells Fargo & Company MN raised its holdings in Dominion Energy by 3.4% in the 4th quarter. Wells Fargo & Company MN now owns 3,866,613 shares of the utilities provider’s stock worth $290,769,000 after acquiring an additional 125,421 shares during the last quarter. Jennison Associates LLC raised its holdings in Dominion Energy by 8.2% in the 4th quarter. Jennison Associates LLC now owns 3,846,843 shares of the utilities provider’s stock worth $289,283,000 after acquiring an additional 291,376 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Dominion Energy by 7.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 3,623,221 shares of the utilities provider’s stock worth $272,466,000 after acquiring an additional 255,132 shares during the last quarter. Hedge funds and other institutional investors own 67.06% of the company’s stock.

A number of brokerages have weighed in on D. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a research note on Tuesday, December 22nd. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a research note on Wednesday. KeyCorp upgraded shares of Dominion Energy from a “sector weight” rating to an “overweight” rating and set a $80.00 target price for the company in a research note on Tuesday, January 12th. Bank of America upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and decreased their target price for the company from $88.00 to $83.00 in a research note on Wednesday, December 16th. Finally, UBS Group upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and decreased their target price for the company from $88.00 to $83.00 in a research note on Wednesday, December 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $83.00.

Shares of D stock traded up $0.71 during mid-day trading on Thursday, reaching $76.93. 60,353 shares of the company’s stock traded hands, compared to its average volume of 3,991,638. Dominion Energy, Inc. has a 12 month low of $67.85 and a 12 month high of $87.34. The firm has a 50 day moving average price of $72.83 and a two-hundred day moving average price of $76.09. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.13. The firm has a market capitalization of $62.01 billion, a PE ratio of -3,811.00, a price-to-earnings-growth ratio of 3.74 and a beta of 0.30.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, February 11th. The utilities provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.01. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.54 billion. Dominion Energy had a net margin of 0.10% and a return on equity of 12.19%. Dominion Energy’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. As a group, equities analysts expect that Dominion Energy, Inc. will post 3.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, March 20th. Investors of record on Friday, March 5th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 3.28%. The ex-dividend date was Thursday, March 4th. Dominion Energy’s dividend payout ratio is currently 59.43%.

In other news, Director Mark J. Kington bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 4th. The stock was bought at an average price of $69.29 per share, with a total value of $138,580.00. Corporate insiders own 0.26% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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

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