Dominion Resources Inc (NYSE:D): Negative Stock Sentiment

September 30, 2018 - By Matthew Richard

Dominion Energy, Inc. (NYSE:D) Logo

Sentiment for Dominion Resources Inc (NYSE:D)

Dominion Resources Inc (NYSE:D) institutional sentiment decreased to 1.03 in Q2 2018. Its down -0.16, from 1.19 in 2018Q1. The ratio has dropped, as 398 hedge funds increased or opened new positions, while 387 sold and reduced stock positions in Dominion Resources Inc. The hedge funds in our partner’s database now hold: 431.22 million shares, up from 429.64 million shares in 2018Q1. Also, the number of hedge funds holding Dominion Resources Inc in their top 10 positions decreased from 14 to 13 for a decrease of 1. Sold All: 67 Reduced: 320 Increased: 314 New Position: 84.

Dominion Energy, Inc. produces and transports energy in the United States. The company has market cap of $45.95 billion. The companyÂ’s Dominion Virginia Power segment engages in the regulated electric transmission and distribution activities that serve residential, commercial, industrial, and governmental clients in Virginia and North Carolina. It has a 15.56 P/E ratio. The Company’s Dominion Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.

The stock increased 1.65% or $1.14 during the last trading session, reaching $70.28. About 3.10 million shares traded or 2.48% up from the average. Dominion Energy, Inc. (NYSE:D) has declined 8.45% since September 30, 2017 and is downtrending. It has underperformed by 24.07% the S&P500.

Analysts await Dominion Energy, Inc. (NYSE:D) to report earnings on October, 29. They expect $1.09 EPS, up 4.81 % or $0.05 from last year’s $1.04 per share. D’s profit will be $712.61M for 16.12 P/E if the $1.09 EPS becomes a reality. After $0.86 actual EPS reported by Dominion Energy, Inc. for the previous quarter, Wall Street now forecasts 26.74 % EPS growth.

St. James Investment Company Llc holds 8.54% of its portfolio in Dominion Energy, Inc. for 1.06 million shares. Commonwealth Bank Of Australia owns 8.03 million shares or 5.5% of their US portfolio. Moreover, Sasco Capital Inc Ct has 4.77% invested in the company for 1.75 million shares. The New Jersey-based Reaves W H & Co Inc has invested 4.26% in the stock. Wills Financial Group Inc., a Virginia-based fund reported 76,525 shares.

Since January 1, 0001, it had 2 insider buys, and 0 insider sales for $965,252 activity.

Dominion Energy, Inc. (NYSE:D) Ratings Coverage

Ratings analysis reveals 33% of Dominion Resources’s analysts are positive. Out of 6 Wall Street analysts rating Dominion Resources, 2 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $62 while the high is $8700. The stock’s average target of $74.20 is 5.58% above today’s ($70.28) share price. D was included in 9 notes of analysts from April 5, 2018. The company was maintained on Monday, July 23 by JP Morgan. As per Thursday, June 7, the company rating was maintained by JP Morgan. As per Monday, September 17, the company rating was maintained by Wells Fargo. As per Sunday, April 22, the company rating was maintained by Guggenheim. The firm has “Neutral” rating by JP Morgan given on Tuesday, April 10. Howard Weil maintained Dominion Energy, Inc. (NYSE:D) on Tuesday, July 24 with “Sector Perform” rating. The firm has “Neutral” rating given on Thursday, August 2 by Bank of America. On Wednesday, September 19 the stock rating was maintained by Argus Research with “Buy”.

More important recent Dominion Energy, Inc. (NYSE:D) news were published by: Seekingalpha.com which released: “A Clear And Big Win For Dominion Energy” on September 20, 2018, also Seekingalpha.com published article titled: “Environmentalists to appeal Atlantic Coast Pipeline construction”, Seekingalpha.com published: “Dominion-SCANA merger clears final federal hurdle” on September 05, 2018. More interesting news about Dominion Energy, Inc. (NYSE:D) was released by: Seekingalpha.com and their article: “Dominion Energy sells three power plants for $1.32B” with publication date: September 24, 2018.

Dominion Energy, Inc. (NYSE:D) Institutional Positions Chart

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