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Dominion Energy: Analyzing Institutional Activity in Q4

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Dominion Energy

All of the top institutional investors increased their stakes in Dominion Energy (D) during the fourth quarter. The Vanguard Group was the biggest institutional investor in Dominion Energy. The Vanguard Group held 6.7% of Dominion Energy’s total outstanding shares as of December 31. According to a recent 13F filing, the Vanguard Group added ~2.0 million shares in Dominion Energy during the fourth quarter.

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Are institutions bullish on Dominion Energy?

Wellington Management Company, the fourth-biggest institutional investor in Dominion Energy, added ~2.8 million shares during the fourth quarter and held a 3.9% stake in the utility as of December 31.

Barrow, Hanley, Mewhinney & Strauss added net ~3.8 million shares and held 1.9% of Dominion Energy at the end of the fourth quarter. Barrow, Hanley, Mewhinney & Strauss has been adding big positions in Dominion Energy for the last few quarters. During the third quarter, the investment firm bought net 5 million shares of the utility.

Franklin Advisers was the top seller of Dominion Energy in the fourth quarter. Franklin Advisers trimmed its existing holding in Dominion Energy by selling ~3.6 million shares during the quarter. In the third quarter, Franklin Advisers sold 2 million shares of Dominion Energy.

Dominion Energy completed its much-awaited acquisition of SCANA early this year. For fiscal 2018, Dominion Energy had an EPS of $4.05, which was ~13% higher compared to 2017. Dominion Energy stock has been under pressure for the last few months. So far this year, Dominion Energy has fallen more than 3%, while broader utilities (XLU) have risen almost 6%.

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