Machina Capital S.A.S. Buys New Stake in Dominion Energy, Inc. (NYSE:D)

Machina Capital S.A.S. acquired a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 4th quarter, Holdings Channel reports. The fund acquired 10,459 shares of the utilities provider’s stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Criterion Capital Advisors LLC purchased a new stake in Dominion Energy in the 4th quarter valued at about $29,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Dominion Energy in the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC increased its position in Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 310 shares during the last quarter. Janiczek Wealth Management LLC raised its stake in Dominion Energy by 20,100.0% during the fourth quarter. Janiczek Wealth Management LLC now owns 808 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 804 shares during the period. Finally, Briaud Financial Planning Inc purchased a new stake in shares of Dominion Energy during the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Activity at Dominion Energy

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on D. Barclays lowered their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Bank of America boosted their price objective on shares of Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Wells Fargo & Company lifted their target price on shares of Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday. BMO Capital Markets increased their price target on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a report on Monday. Finally, Scotiabank decreased their target price on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $50.73.

Dominion Energy Stock Up 0.0 %

Shares of D traded up $0.01 during trading on Monday, reaching $51.41. The company’s stock had a trading volume of 3,000,654 shares, compared to its average volume of 5,257,239. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $57.27. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The company has a market cap of $43.06 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 3.43 and a beta of 0.59. The company has a fifty day moving average of $48.76 and a two-hundred day moving average of $46.83.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 EPS. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Company Profile

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.