Hunter Associates Investment Management LLC Cuts Holdings in Dominion Energy, Inc. (NYSE:D)

Hunter Associates Investment Management LLC decreased its position in Dominion Energy, Inc. (NYSE:D) by 14.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,627 shares of the utilities provider’s stock after selling 595 shares during the period. Hunter Associates Investment Management LLC’s holdings in Dominion Energy were worth $209,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Dominion Energy by 16.0% in the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after buying an additional 12,178,713 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Dominion Energy by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,635,621 shares of the utilities provider’s stock worth $1,452,145,000 after acquiring an additional 477,181 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Dominion Energy by 12.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock valued at $1,204,904,000 after acquiring an additional 2,801,687 shares during the last quarter. Capital Research Global Investors grew its position in shares of Dominion Energy by 20.1% during the 1st quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after acquiring an additional 3,613,614 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Dominion Energy by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,979,739 shares of the utilities provider’s stock worth $734,007,000 after purchasing an additional 940,402 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 2.5 %

Dominion Energy stock opened at $58.62 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a fifty-two week low of $39.44 and a fifty-two week high of $61.26. The stock has a market cap of $49.10 billion, a P/E ratio of 30.22, a PEG ratio of 1.59 and a beta of 0.60. The firm’s fifty day moving average price is $57.72 and its 200-day moving average price is $53.91.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Scotiabank upped their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Barclays lifted their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets upped their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $55.40.

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.