Parsec Financial Management Inc. Trims Stock Holdings in Dominion Energy Inc (NYSE:D)

Parsec Financial Management Inc. decreased its stake in Dominion Energy Inc (NYSE:D) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,354 shares of the utilities provider’s stock after selling 468 shares during the quarter. Parsec Financial Management Inc.’s holdings in Dominion Energy were worth $646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Dominion Energy by 17.3% during the first quarter. BlackRock Inc. now owns 55,385,657 shares of the utilities provider’s stock worth $4,245,862,000 after purchasing an additional 8,176,020 shares in the last quarter. FMR LLC grew its position in shares of Dominion Energy by 77.6% during the first quarter. FMR LLC now owns 9,010,766 shares of the utilities provider’s stock worth $690,765,000 after purchasing an additional 3,935,958 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Dominion Energy by 23.1% during the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock worth $646,097,000 after purchasing an additional 1,697,619 shares in the last quarter. Northern Trust Corp grew its position in shares of Dominion Energy by 15.0% during the first quarter. Northern Trust Corp now owns 9,653,170 shares of the utilities provider’s stock worth $740,011,000 after purchasing an additional 1,260,549 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Dominion Energy by 125.4% during the first quarter. Jennison Associates LLC now owns 1,857,965 shares of the utilities provider’s stock worth $142,432,000 after purchasing an additional 1,033,748 shares in the last quarter. Institutional investors and hedge funds own 63.83% of the company’s stock.

Several research firms have weighed in on D. ValuEngine cut Welbilt from a “hold” rating to a “sell” rating in a report on Wednesday, June 12th. KeyCorp began coverage on Southern in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. Credit Suisse Group set a $199.00 price objective on NextEra Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, TheStreet lowered Viewray from a “c-” rating to a “d” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Dominion Energy currently has an average rating of “Hold” and a consensus price target of $78.91.

D traded down $0.40 during trading on Wednesday, hitting $74.63. 2,820,998 shares of the stock were exchanged, compared to its average volume of 2,928,378. The stock has a 50 day moving average price of $76.92. The firm has a market capitalization of $60.30 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 3.76 and a beta of 0.27. Dominion Energy Inc has a 1 year low of $67.41 and a 1 year high of $79.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.61.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.75 by $0.02. The company had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. Dominion Energy’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. As a group, equities analysts forecast that Dominion Energy Inc will post 4.15 EPS for the current year.

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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