International Assets Investment Management LLC Raises Position in Dominion Energy, Inc. (NYSE:D)

International Assets Investment Management LLC raised its position in shares of Dominion Energy, Inc. (NYSE:D) by 1,797.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 165,917 shares of the utilities provider’s stock after acquiring an additional 157,175 shares during the period. International Assets Investment Management LLC’s holdings in Dominion Energy were worth $7,798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in Dominion Energy during the 4th quarter valued at about $30,000. Venturi Wealth Management LLC lifted its holdings in shares of Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 310 shares during the last quarter. Briaud Financial Planning Inc purchased a new position in shares of Dominion Energy during the third quarter valued at approximately $36,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Dominion Energy by 91.1% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 839 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 400 shares in the last quarter. Finally, Operose Advisors LLC grew its stake in shares of Dominion Energy by 60.3% in the 3rd quarter. Operose Advisors LLC now owns 827 shares of the utilities provider’s stock worth $37,000 after buying an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.0 %

Shares of NYSE:D opened at $51.41 on Tuesday. The stock has a 50 day moving average of $48.76 and a 200 day moving average of $46.83. The company has a market cap of $43.06 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.27. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The company’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, equities research analysts expect that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on D shares. BMO Capital Markets lifted their price objective on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a research note on Monday. Scotiabank dropped their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Evercore ISI upped their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday. Mizuho lifted their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Bank of America increased their price target on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.73.

Insider Buying and Selling

In other Dominion Energy news, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Joseph M. Rigby bought 2,130 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by insiders.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.