Investors Buy Shares of Dominion Energy (D) on Weakness
Traders purchased shares of Dominion Energy Inc. (NYSE:D) on weakness during trading hours on Thursday. $120.61 million flowed into the stock on the tick-up and $66.48 million flowed out of the stock on the tick-down, for a money net flow of $54.13 million into the stock. Of all companies tracked, Dominion Energy had the 14th highest net in-flow for the day. Dominion Energy traded down ($0.61) for the day and closed at $74.89
A number of equities analysts recently weighed in on the company. National Bank Financial lowered Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research report on Wednesday, October 4th. Citigroup increased their price objective on Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Wednesday. Morgan Stanley increased their price objective on Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Bank of America raised Dominion Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 22nd. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $82.10.
The firm has a market cap of $48,260.00, a P/E ratio of 22.12, a PEG ratio of 2.93 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.
In other news, Director John W. Harris sold 5,616 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the completion of the sale, the director now directly owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The transaction 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.
Several institutional investors and hedge funds have recently bought and sold shares of D. Janus Henderson Group PLC raised its stake in shares of Dominion Energy by 1,955.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,672,437 shares of the utilities provider’s stock worth $128,159,000 after purchasing an additional 1,591,057 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Dominion Energy by 24.7% in the 2nd quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock valued at $468,223,000 after acquiring an additional 1,209,768 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Dominion Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock valued at $3,432,756,000 after acquiring an additional 1,194,152 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Dominion Energy by 31.7% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock valued at $322,696,000 after acquiring an additional 1,014,670 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Dominion Energy by 24.1% in the 3rd quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock valued at $271,408,000 after acquiring an additional 684,637 shares in the last quarter. 64.50% of the stock is owned by institutional investors.
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Dominion Energy Company 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.
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