Community Bank Cut Its Dominion Energy (D) Position as Shares Rose; Shayne & Co Has Upped Stake in Wells Fargo Co New (WFC) as Stock Price Declined

February 23, 2018 - By Darrin Black

Shayne & Co increased its stake in Wells Fargo Co New (WFC) by 347.01% based on its latest 2017Q3 regulatory filing with the SEC. Shayne & Co bought 12,600 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 16,231 shares of the major banks company at the end of 2017Q3, valued at $895,000, up from 3,631 at the end of the previous reported quarter. Shayne & Co who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $286.85 billion market cap company. The stock decreased 0.29% or $0.17 during the last trading session, reaching $58.64. About 10.06M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 23, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Community Bank decreased its stake in Dominion Energy Inc (D) by 11.55% based on its latest 2017Q3 regulatory filing with the SEC. Community Bank sold 5,099 shares as the company’s stock rose 6.53% with the market. The institutional investor held 39,044 shares of the public utilities company at the end of 2017Q3, valued at $3.00 million, down from 44,143 at the end of the previous reported quarter. Community Bank who had been investing in Dominion Energy Inc for a number of months, seems to be less bullish one the $48.51B market cap company. The stock increased 2.29% or $1.68 during the last trading session, reaching $75.26. About 1.08 million shares traded. Dominion Energy, Inc. (NYSE:D) has risen 10.88% since February 23, 2017 and is uptrending. It has underperformed by 5.82% the S&P500.

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.01, from 1.15 in 2017Q2. It is positive, as 51 investors sold D shares while 282 reduced holdings. 70 funds opened positions while 316 raised stakes. 410.35 million shares or 0.47% more from 408.41 million shares in 2017Q2 were reported. First Personal Fincl reported 2,910 shares. Cibc Asset Mngmt has 0.06% invested in Dominion Energy, Inc. (NYSE:D) for 116,830 shares. Mufg Americas Corporation invested 0.01% in Dominion Energy, Inc. (NYSE:D). Eagle Ridge has invested 0.05% in Dominion Energy, Inc. (NYSE:D). Jpmorgan Chase owns 0.01% invested in Dominion Energy, Inc. (NYSE:D) for 598,654 shares. 290 were accumulated by Willingdon Wealth Mngmt. Evercore Wealth Management Ltd Liability reported 0.05% stake. Duff And Phelps Inv Mgmt Commerce holds 0.56% of its portfolio in Dominion Energy, Inc. (NYSE:D) for 519,263 shares. X Management Ltd Liability Corporation invested in 4,656 shares or 0.01% of the stock. Gilman Hill Asset Mgmt Ltd Liability has invested 0.1% in Dominion Energy, Inc. (NYSE:D). Tokio Marine Asset Mgmt Company owns 0.17% invested in Dominion Energy, Inc. (NYSE:D) for 14,297 shares. Mechanics State Bank Tru Department has 31,180 shares for 0.57% of their portfolio. Wells Fargo And Company Mn reported 0.15% stake. Cap Advsrs Ltd Llc accumulated 0.37% or 70,135 shares. Greenleaf holds 0.01% or 6,698 shares in its portfolio.

Among 20 analysts covering Dominion Midstream (NYSE:D), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. Dominion Midstream had 39 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 3 by Deutsche Bank. The stock has “Neutral” rating by Citigroup on Tuesday, February 2. The stock of Dominion Energy, Inc. (NYSE:D) has “Buy” rating given on Wednesday, February 7 by Bank of America. JP Morgan downgraded the stock to “Neutral” rating in Thursday, June 16 report. The firm has “Buy” rating given on Tuesday, January 30 by Hilliard Lyons. On Tuesday, November 17 the stock rating was initiated by Howard Weil with “Sector Outperform”. The firm has “Sector Outperform” rating given on Tuesday, November 17 by Scotia Capital. The firm earned “Buy” rating on Wednesday, January 3 by Bank of America. Barclays Capital maintained Dominion Energy, Inc. (NYSE:D) on Thursday, February 4 with “Overweight” rating. The company was initiated on Friday, September 18 by Citigroup.

Community Bank, which manages about $907.12 million US Long portfolio, upped its stake in Powershares Variable Rate Preferred (VRP) by 20,800 shares to 86,515 shares, valued at $2.25 million in 2017Q3, according to the filing. It also increased its holding in Vanguard Total Bond Market Index Adm (VBTLX) by 41,305 shares in the quarter, for a total of 2.23M shares, and has risen its stake in Artisan Value Inv.

Analysts await Dominion Energy, Inc. (NYSE:D) to report earnings on May, 3. They expect $1.04 EPS, up 7.22% or $0.07 from last year’s $0.97 per share. D’s profit will be $670.40 million for 18.09 P/E if the $1.04 EPS becomes a reality. After $0.91 actual EPS reported by Dominion Energy, Inc. for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

Since November 17, 2017, it had 0 insider purchases, and 1 insider sale for $292,234 activity.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>