PFG Investments LLC Makes New $680,000 Investment in Dominion Energy, Inc. (NYSE:D)

PFG Investments LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,818 shares of the utilities provider’s stock, valued at approximately $680,000.

Other institutional investors have also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. grew its stake in shares of Dominion Energy by 5.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,988,722 shares of the utilities provider’s stock worth $178,176,000 after acquiring an additional 199,629 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Dominion Energy by 196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 392,568 shares of the utilities provider’s stock worth $18,451,000 after acquiring an additional 259,978 shares in the last quarter. Morgan Stanley grew its stake in shares of Dominion Energy by 12.8% in the third quarter. Morgan Stanley now owns 7,082,946 shares of the utilities provider’s stock worth $316,395,000 after acquiring an additional 803,341 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Dominion Energy by 1,797.9% in the fourth quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock worth $7,798,000 after acquiring an additional 157,175 shares in the last quarter. Finally, Diversified Trust Co grew its stake in shares of Dominion Energy by 97.3% in the fourth quarter. Diversified Trust Co now owns 14,339 shares of the utilities provider’s stock worth $674,000 after acquiring an additional 7,071 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Buying and Selling at Dominion Energy

In related news, CEO Robert M. Blue purchased 21,735 shares of the firm’s stock in a transaction 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 acquisition, the chief executive officer now directly owns 176,240 shares in the company, valued at $8,091,178.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average price of $45.91 per share, for a total transaction of $997,853.85. Following the acquisition, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.14% of the stock is owned by company insiders.

Dominion Energy Price Performance

Shares of D traded up $0.69 during mid-day trading on Monday, reaching $51.14. 2,603,696 shares of the company’s stock were exchanged, compared to its average volume of 5,295,269. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The company has a 50-day simple moving average of $48.27 and a two-hundred day simple moving average of $46.49. Dominion Energy, Inc. has a 52-week low of $39.18 and a 52-week high of $57.65. The company has a market cap of $42.83 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 3.37 and a beta of 0.61.

Dominion Energy (NYSE:D) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 earnings per share. On average, sell-side analysts predict that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

D has been the subject of a number of analyst reports. Barclays lowered their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Guggenheim dropped their price objective on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Scotiabank dropped their price objective on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Bank of America raised their price objective on Dominion Energy from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Tuesday, April 23rd. Finally, Mizuho dropped their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.10.

Dominion Energy 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.