Viking Fund Management LLC increased its stake in Dominion Energy Inc. (NYSE:D) by 34.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,000 shares of the utilities provider’s stock after acquiring an additional 14,000 shares during the quarter. Viking Fund Management LLC’s holdings in Dominion Energy were worth $4,458,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in Dominion Energy in the second quarter worth approximately $1,115,000. Verition Fund Management LLC bought a new stake in Dominion Energy in the second quarter worth approximately $995,000. Shell Asset Management Co. increased its holdings in Dominion Energy by 64.7% in the third quarter. Shell Asset Management Co. now owns 343,550 shares of the utilities provider’s stock worth $23,736,000 after purchasing an additional 134,951 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in Dominion Energy by 27.5% in the second quarter. Westwood Holdings Group Inc. now owns 7,769 shares of the utilities provider’s stock worth $595,000 after purchasing an additional 1,674 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Dominion Energy in the second quarter worth approximately $528,000. 64.50% of the stock is currently owned by institutional investors.

In related 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 transaction of $453,267.36. Following the completion of the sale, the director now owns 18,920 shares in the company, valued at $1,527,033.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.37% of the company’s stock.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Dominion Energy from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America set a $87.00 price objective on Dominion Energy and gave the company a “buy” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective for the company in a report on Thursday, December 14th. Morgan Stanley boosted their price objective on Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Gabelli restated a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $82.10.

Dominion Energy Inc. (NYSE:D) traded up $0.20 during midday trading on Friday, hitting $74.99. The stock had a trading volume of 6,530,000 shares, compared to its average volume of 3,790,000. The company has a market capitalization of $48,260.00, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 3.30 and a beta of 0.30. Dominion Energy Inc. has a 52-week low of $70.87 and a 52-week high of $85.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47.

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

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

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