Dominion Energy (D) Reaches $82.38 52-Week High; Stephens Has Lowered Wabtec (WAB) Holding

November 14, 2017 - By Vivian Park

Stephens Inc decreased Wabtec Corp (WAB) stake by 68.65% reported in 2017Q2 SEC filing. Stephens Inc sold 10,390 shares as Wabtec Corp (WAB)’s stock declined 6.73%. The Stephens Inc holds 4,744 shares with $434,000 value, down from 15,134 last quarter. Wabtec Corp now has $7.12B valuation. The stock declined 1.49% or $1.12 reaching $74.15 per share. About 31,745 shares traded. Westinghouse Air Brake Technologies Corp (NYSE:WAB) has risen 7.39% since November 14, 2016 and is uptrending. It has underperformed by 9.31% the S&P500.

The stock of Dominion Energy Inc (NYSE:D) hit a new 52-week high and has $84.85 target or 3.00% above today’s $82.38 share price. The 5 months bullish chart indicates low risk for the $53.01 billion company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $84.85 price target is reached, the company will be worth $1.59B more. About 241,528 shares traded. Dominion Energy Inc (NYSE:D) has risen 10.88% since November 14, 2016 and is uptrending. It has underperformed by 5.82% the S&P500.

Analysts await Dominion Energy Inc (NYSE:D) to report earnings on February, 7. They expect $0.89 earnings per share, down 10.10% or $0.10 from last year’s $0.99 per share. D’s profit will be $572.70 million for 23.14 P/E if the $0.89 EPS becomes a reality. After $1.04 actual earnings per share reported by Dominion Energy Inc for the previous quarter, Wall Street now forecasts -14.42% negative EPS growth.

Dominion Energy, Inc., formerly Dominion Resources, Inc., is a producer and transporter of energy. The company has market cap of $53.01 billion. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It has a 24.29 P/E ratio. It operates through three divisions: Dominion Virginia Power operating segment , Dominion Generation, Dominion Energy, and Corporate and Other.

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.10, from 1.05 in 2017Q1. It is positive, as 40 investors sold Dominion Energy Inc shares while 298 reduced holdings. 89 funds opened positions while 300 raised stakes. 408.41 million shares or 0.70% less from 411.29 million shares in 2017Q1 were reported. Rbo And Limited Liability Company reported 1.49% of its portfolio in Dominion Energy Inc (NYSE:D). Boothbay Fund Mgmt Ltd Liability Corp holds 6,713 shares or 0.11% of its portfolio. 5,072 are owned by Checchi Advisers Ltd Liability Company. Asset Corp, a Georgia-based fund reported 4,961 shares. Parsons Cap Ri has 0.07% invested in Dominion Energy Inc (NYSE:D). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 136,781 shares or 0.1% of the stock. Valley National Advisers invested in 4,309 shares or 0.12% of the stock. Aviance Capital Management Ltd Liability reported 58 shares. Lederer & Assocs Investment Counsel Ca stated it has 19,885 shares or 1.47% of all its holdings. Marble Harbor Counsel Ltd stated it has 5,110 shares. Glenview Bancorp Tru Dept stated it has 3,800 shares. Kbc Group Inc Nv invested in 0.05% or 66,087 shares. 620 were reported by Phocas Fincl. Moreover, Monroe Commercial Bank Mi has 0.04% invested in Dominion Energy Inc (NYSE:D). Rampart Investment Ltd reported 8,082 shares or 0.22% of all its holdings.

Among 14 analysts covering Dominion Midstream (NYSE:D), 6 have Buy rating, 1 Sell and 7 Hold. Therefore 43% are positive. Dominion Midstream has $85 highest and $41.0 lowest target. $74.50’s average target is -9.57% below currents $82.38 stock price. Dominion Midstream had 29 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, July 23 by DA Davidson. RBC Capital Markets maintained it with “Outperform” rating and $41.0 target in Tuesday, November 3 report. Scotia Capital initiated the shares of D in report on Tuesday, November 17 with “Sector Outperform” rating. On Tuesday, October 17 the stock rating was maintained by Citigroup with “Neutral”. JP Morgan downgraded the shares of D in report on Thursday, June 16 to “Neutral” rating. As per Wednesday, October 18, the company rating was maintained by KeyBanc Capital Markets. The company was maintained on Tuesday, August 25 by Deutsche Bank. The stock of Dominion Energy Inc (NYSE:D) earned “Hold” rating by Tudor Pickering on Monday, April 3. The company was maintained on Friday, June 2 by RBC Capital Markets. JP Morgan maintained Dominion Energy Inc (NYSE:D) rating on Thursday, October 12. JP Morgan has “Neutral” rating and $82 target.

Analysts await Westinghouse Air Brake Technologies Corp (NYSE:WAB) to report earnings on February, 20. They expect $0.96 earnings per share, up 18.52% or $0.15 from last year’s $0.81 per share. WAB’s profit will be $92.18 million for 19.31 P/E if the $0.96 EPS becomes a reality. After $0.88 actual earnings per share reported by Westinghouse Air Brake Technologies Corp for the previous quarter, Wall Street now forecasts 9.09% EPS growth.

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.49, from 0.72 in 2017Q1. It increased, as 24 investors sold WAB shares while 132 reduced holdings. 51 funds opened positions while 137 raised stakes. 98.74 million shares or 4.37% more from 94.61 million shares in 2017Q1 were reported. Weiss Multi, Alabama-based fund reported 5,000 shares. Natl Bank Of America Corporation De accumulated 229,715 shares. Price T Rowe Associate Incorporated Md holds 0.08% or 4.73 million shares in its portfolio. Artisan Ptnrs Partnership holds 0.4% or 2.30M shares in its portfolio. Kj Harrison Prtnrs, a Ontario – Canada-based fund reported 12,150 shares. Sit Invest accumulated 11,825 shares. Commercial Bank Of Montreal Can, a Ontario – Canada-based fund reported 50,747 shares. Brown Advisory Securities Llc stated it has 2,665 shares. Neville Rodie And Shaw Inc holds 68,452 shares or 0.71% of its portfolio. Hanson & Doremus Investment Management holds 50 shares or 0% of its portfolio. Moreover, Capital Finance Advisers Lc has 0.1% invested in Westinghouse Air Brake Technologies Corp (NYSE:WAB) for 120,279 shares. Telemus Capital Ltd holds 0.07% in Westinghouse Air Brake Technologies Corp (NYSE:WAB) or 5,666 shares. Advisory Services Limited Company, a Georgia-based fund reported 157 shares. Oregon Employees Retirement Fund stated it has 0.05% in Westinghouse Air Brake Technologies Corp (NYSE:WAB). Contravisory Mngmt Incorporated accumulated 2.02% or 61,161 shares.

Among 13 analysts covering Wabtec (NYSE:WAB), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Wabtec had 25 analyst reports since December 21, 2015 according to SRatingsIntel. The stock of Westinghouse Air Brake Technologies Corp (NYSE:WAB) earned “Buy” rating by Stifel Nicolaus on Monday, December 21. Deutsche Bank initiated Westinghouse Air Brake Technologies Corp (NYSE:WAB) rating on Wednesday, September 7. Deutsche Bank has “Buy” rating and $90 target. As per Wednesday, October 26, the company rating was maintained by Wolfe Research. The stock of Westinghouse Air Brake Technologies Corp (NYSE:WAB) earned “Buy” rating by Buckingham Research on Wednesday, October 25. The company was upgraded on Friday, April 7 by Wellington Shields. The company was maintained on Wednesday, October 25 by Stifel Nicolaus. The firm has “Hold” rating given on Thursday, July 13 by Deutsche Bank. The rating was maintained by Deutsche Bank with “Hold” on Monday, August 14. On Wednesday, July 26 the stock rating was downgraded by Edward Jones to “Hold”. The stock of Westinghouse Air Brake Technologies Corp (NYSE:WAB) earned “Buy” rating by Longbow on Wednesday, June 21.

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