Atria Investments LLC Raises Holdings in Dominion Energy Inc. (D)

Atria Investments LLC raised its position in Dominion Energy Inc. (NYSE:D) by 12.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,879 shares of the utilities provider’s stock after purchasing an additional 3,092 shares during the period. Atria Investments LLC’s holdings in Dominion Energy were worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Dominion Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after purchasing an additional 1,194,152 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Dominion Energy by 4.0% during the third quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after purchasing an additional 244,870 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Dominion Energy by 6.0% during the third quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after purchasing an additional 253,699 shares during the last quarter. Commonwealth Bank of Australia raised its stake in shares of Dominion Energy by 0.9% during the third quarter. Commonwealth Bank of Australia now owns 4,247,763 shares of the utilities provider’s stock worth $325,607,000 after purchasing an additional 36,643 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Dominion Energy by 24.1% during the third quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock worth $271,408,000 after purchasing an additional 684,637 shares during the last quarter. Institutional investors own 64.50% of the company’s stock.

Shares of Dominion Energy Inc. (NYSE D) opened at $74.89 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29. The firm has a market capitalization of $48,190.00, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 3.31 and a beta of 0.30. Dominion Energy Inc. has a twelve month low of $70.87 and a twelve month high of $85.30.

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

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Dominion Energy from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, October 3rd. Gabelli reiterated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Bank of America set a $87.00 price objective on Dominion Energy and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Citigroup increased their price objective on Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $82.10.

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

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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.

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

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