Franklin Resources INC Raised Its Dominion Energy INC (D) Holding by $73.13 Million

October 2, 2018 - By Ellis Scott

Dominion Energy, Inc. (NYSE:D) LogoInvestors sentiment decreased to 1.03 in Q2 2018. Its down 0.16, from 1.19 in 2018Q1. It fall, as 67 investors sold D shares while 320 reduced holdings. 84 funds opened positions while 314 raised stakes. 431.22 million shares or 0.37% more from 429.64 million shares in 2018Q1 were reported. Riggs Asset Managment invested 0.05% of its portfolio in Dominion Energy, Inc. (NYSE:D). Rodgers Brothers Incorporated reported 8,460 shares. City Holdg invested in 0.57% or 27,148 shares. Brighton Jones Limited Liability Corp reported 9,353 shares. Hartford Inv holds 0.19% of its portfolio in Dominion Energy, Inc. (NYSE:D) for 90,563 shares. Chemung Canal Tru reported 0.44% stake. Philadelphia invested in 0.07% or 11,879 shares. Waters Parkerson & Limited Liability Company has invested 0.15% in Dominion Energy, Inc. (NYSE:D). Ghp Invest Advisors holds 0.08% of its portfolio in Dominion Energy, Inc. (NYSE:D) for 8,024 shares. Vanguard Gru Inc reported 49.06M shares stake. Lowe Brockenbrough And has 0.37% invested in Dominion Energy, Inc. (NYSE:D) for 36,470 shares. 5,700 are owned by Baldwin Invest Ltd Com. Swiss Fincl Bank holds 0.22% or 2.84 million shares in its portfolio. Wallington Asset Mgmt Ltd Company holds 0.82% or 46,795 shares in its portfolio. Willingdon Wealth Mngmt invested in 0.56% or 26,833 shares.

Since May 10, 2018, it had 2 insider purchases, and 0 insider sales for $965,252 activity. $711,500 worth of stock was bought by HARRIS JOHN W on Tuesday, August 28.

Franklin Resources Inc increased its stake in Dominion Energy Inc (D) by 4.02% based on its latest 2018Q2 regulatory filing with the SEC. Franklin Resources Inc bought 1.08M shares as the company’s stock rose 11.29% with the market. The institutional investor held 27.83 million shares of the public utilities company at the end of 2018Q2, valued at $1.90 billion, up from 26.76M at the end of the previous reported quarter. Franklin Resources Inc who had been investing in Dominion Energy Inc for a number of months, seems to be bullish on the $46.35 billion market cap company. The stock increased 1.13% or $0.79 during the last trading session, reaching $70.89. About 931,137 shares traded. Dominion Energy, Inc. (NYSE:D) has declined 8.45% since October 2, 2017 and is downtrending. It has underperformed by 24.07% the S&P500.

Franklin Resources Inc, which manages about $194.95 billion US Long portfolio, decreased its stake in United Technologies Corp (NYSE:UTX) by 215,374 shares to 5.45 million shares, valued at $681.81 million in 2018Q2, according to the filing. It also reduced its holding in Bank Amer Corp by 100,000 shares in the quarter, leaving it with 513,818 shares, and cut its stake in Medicines Co (NASDAQ:MDCO).

More important recent Dominion Energy, Inc. (NYSE:D) news were published by: Streetinsider.com which released: “Dominion Energy (D) Secures Contract for Fort Jackson Utility System” on October 01, 2018, also Seekingalpha.com published article titled: “Lanny’s September Dividend Income Summary”, Seekingalpha.com published: “A Clear And Big Win For Dominion Energy” on September 20, 2018. More interesting news about Dominion Energy, Inc. (NYSE:D) was released by: Seekingalpha.com and their article: “Dominion-SCANA merger clears final federal hurdle” with publication date: September 05, 2018.

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

Among 6 analysts covering Dominion Resources (NYSE:D), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Dominion Resources had 9 analyst reports since April 5, 2018 according to SRatingsIntel. The rating was maintained by Howard Weil with “Sector Perform” on Tuesday, July 24. The stock of Dominion Energy, Inc. (NYSE:D) earned “Neutral” rating by Bank of America on Thursday, August 2. The firm has “Buy” rating by Argus Research given on Wednesday, September 19. The rating was maintained by Wells Fargo on Monday, September 17 with “Market Perform”. The firm has “Buy” rating given on Sunday, April 22 by Guggenheim. JP Morgan maintained the shares of D in report on Tuesday, April 10 with “Neutral” rating. The stock of Dominion Energy, Inc. (NYSE:D) earned “Neutral” rating by JP Morgan on Monday, July 23. The firm earned “Neutral” rating on Thursday, June 7 by JP Morgan.

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

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