Dominion Energy and Institutional Investors in 4Q17



Dominion Energy

The Vanguard Group is the top institutional investor in Dominion Energy (D). It added 0.73 million shares in 4Q17 and held a 7.33% stake in Dominion as of December 31.

BlackRock Institutional Trust, the second-largest institutional investor in Dominion Energy, added a notable 1.7 million shares of the utility in 4Q17. With a total holding of almost 34.24 million shares, BlackRock held a 5.3% stake in Dominion Energy.

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Wellington Management Company trimmed down its exposure to Dominion Energy in 4Q17. It sold net 0.52 million shares of the third-largest utility and held 4.13% of its total outstanding shares as of December 31. Capital Research Global Investors also cut its stake in Dominion Energy. At the end of 4Q17, it held 3.94% of Dominion Energy’s total outstanding shares.

Analysts’ price targets

Dominion Energy (D) stock has an estimated upside potential of more than 9% from its current market price of $73.54. Wall Street analysts have given it a mean price target of $80.30.

Dominion Energy stock has been on a notable downtrend since mid-December 2017—mirroring broader utilities (XLU). Dominion announced its agreement to buy SCANA Corporation (SCG) early this year. You can read updates and insights about the ongoing deal in Does Dominion Energy’s Deal with SCANA Look Uncertain?

In the next part of this series, let’s move ahead and see how institutional investors played out with their holdings in Southern Company (SO).


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