Two Sigma Advisers LP Acquires New Stake in Dominion Energy Inc (D)

Two Sigma Advisers LP purchased a new position in Dominion Energy Inc (NYSE:D) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,399 shares of the utilities provider’s stock, valued at approximately $529,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Semmax Financial Advisors Inc. purchased a new stake in Dominion Energy in the fourth quarter worth about $1,529,000. Motco boosted its stake in shares of Dominion Energy by 0.9% in the fourth quarter. Motco now owns 51,862 shares of the utilities provider’s stock worth $3,706,000 after acquiring an additional 476 shares during the period. UNIVEST FINANCIAL Corp boosted its stake in shares of Dominion Energy by 12.2% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 5,031 shares of the utilities provider’s stock worth $360,000 after acquiring an additional 546 shares during the period. Griffin Asset Management Inc. boosted its stake in shares of Dominion Energy by 10.2% in the third quarter. Griffin Asset Management Inc. now owns 95,105 shares of the utilities provider’s stock worth $6,684,000 after acquiring an additional 8,785 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in shares of Dominion Energy by 0.8% in the fourth quarter. Moody National Bank Trust Division now owns 49,282 shares of the utilities provider’s stock worth $3,521,000 after acquiring an additional 399 shares during the period. Institutional investors and hedge funds own 58.90% of the company’s stock.

A number of research firms have recently weighed in on D. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Monday, April 8th. Bank of America lowered Dominion Energy from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $72.00 to $69.00 in a research note on Friday, January 11th. Argus reaffirmed a “buy” rating on shares of Dominion Energy in a research note on Wednesday, February 27th. Macquarie lowered Dominion Energy from an “outperform” rating to a “neutral” rating in a research note on Monday, March 18th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. lowered Dominion Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $79.00 to $73.00 in a research note on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $85.08.

In other news, Director D Maybank Hagood acquired 1,965 shares of Dominion Energy stock in a transaction on Wednesday, March 13th. The shares were bought at an average cost of $76.34 per share, for a total transaction of $150,008.10. Following the acquisition, the director now directly owns 2,975 shares of the company’s stock, valued at approximately $227,111.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total value of $92,352.15. Following the transaction, the director now owns 23,598 shares in the company, valued at $1,793,683.98. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

NYSE:D opened at $74.92 on Friday. The company has a market capitalization of $59.89 billion, a PE ratio of 18.50, a P/E/G ratio of 3.11 and a beta of 0.22. Dominion Energy Inc has a 1 year low of $61.53 and a 1 year high of $77.50. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.49.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Dominion Energy had a return on equity of 12.85% and a net margin of 18.31%. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts expect that Dominion Energy Inc will post 4.19 EPS for the current fiscal year.

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Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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

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