Dominion Energy (D) Shareholder Community Bank Trimmed Position by $387,524; Solaris Asset Management Has Lowered Holding in Hess (HES) as Valuation Declined

February 18, 2018 - By Richard Conner

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 $48.86 billion market cap company. The stock increased 0.50% or $0.38 during the last trading session, reaching $75.8. About 3.53 million shares traded. Dominion Energy, Inc. (NYSE:D) has risen 10.88% since February 18, 2017 and is uptrending. It has underperformed by 5.82% the S&P500.

Solaris Asset Management Llc decreased its stake in Hess Corp (HES) by 54.27% based on its latest 2017Q3 regulatory filing with the SEC. Solaris Asset Management Llc sold 26,283 shares as the company’s stock declined 5.45% while stock markets rallied. The institutional investor held 22,147 shares of the integrated oil company at the end of 2017Q3, valued at $1.04M, down from 48,430 at the end of the previous reported quarter. Solaris Asset Management Llc who had been investing in Hess Corp for a number of months, seems to be less bullish one the $14.51 billion market cap company. The stock increased 0.26% or $0.12 during the last trading session, reaching $45.65. About 4.51 million shares traded or 1.93% up from the average. Hess Corporation (NYSE:HES) has declined 14.55% since February 18, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Community Bank, which manages about $907.12M US Long portfolio, upped its stake in Community Bk Sys Inc (NYSE:CBU) by 7,680 shares to 38,408 shares, valued at $2.12 million in 2017Q3, according to the filing. It also increased its holding in Global X Mlp Etf (MLPA) by 41,890 shares in the quarter, for a total of 265,615 shares, and has risen its stake in Ishares Msci Eurozone Etf (EZU).

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 firm has “Hold” rating by Tudor Pickering given on Monday, April 3. The stock has “Hold” rating by RBC Capital Markets on Friday, June 2. On Tuesday, November 17 the stock rating was initiated by Scotia Capital with “Sector Outperform”. The stock of Dominion Energy, Inc. (NYSE:D) earned “Hold” rating by Deutsche Bank on Thursday, August 3. The stock of Dominion Energy, Inc. (NYSE:D) has “Hold” rating given on Sunday, October 29 by RBC Capital Markets. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, December 13. As per Tuesday, November 3, the company rating was maintained by RBC Capital Markets. The stock of Dominion Energy, Inc. (NYSE:D) has “Buy” rating given on Thursday, December 10 by Argus Research. The firm earned “Neutral” rating on Tuesday, February 2 by Citigroup. The company was maintained on Thursday, February 4 by Barclays Capital.

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. Patten Patten Tn owns 21,143 shares. Butensky And Cohen Financial Security Inc owns 25,630 shares. Cetera stated it has 23,049 shares or 0.11% of all its holdings. Arrow Finance invested in 4,892 shares or 0.09% of the stock. St James Inv Limited Liability Company invested 1.39% in Dominion Energy, Inc. (NYSE:D). Ngam Advsrs Limited Partnership reported 0.05% stake. Virginia-based Alexandria Capital Ltd Limited Liability Company has invested 0.12% in Dominion Energy, Inc. (NYSE:D). Brighton Jones Limited Liability Corporation invested 0.05% in Dominion Energy, Inc. (NYSE:D). Crawford Investment Counsel reported 0.01% in Dominion Energy, Inc. (NYSE:D). Quantitative Inv Mngmt Limited Liability reported 208,600 shares or 0.18% of all its holdings. Hartford Invest Management Company has 0.22% invested in Dominion Energy, Inc. (NYSE:D). Louisiana State Employees Retirement Sys accumulated 40,100 shares. Security National Tru has 0.73% invested in Dominion Energy, Inc. (NYSE:D). Estabrook Capital Management accumulated 1,246 shares or 0.01% of the stock. Keating Investment Counselors owns 6,556 shares.

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Hess Corp. had 62 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Hess Corporation (NYSE:HES) has “Accumulate” rating given on Monday, September 12 by KLR Group. BMO Capital Markets maintained Hess Corporation (NYSE:HES) rating on Tuesday, July 11. BMO Capital Markets has “Hold” rating and $4000 target. The firm has “Hold” rating given on Monday, June 26 by BMO Capital Markets. The stock has “Overweight” rating by JP Morgan on Thursday, December 8. The rating was maintained by Cowen & Co with “Hold” on Tuesday, July 18. On Tuesday, May 30 the stock rating was downgraded by Goldman Sachs to “Hold”. BMO Capital Markets maintained Hess Corporation (NYSE:HES) on Friday, July 28 with “Hold” rating. The stock has “Buy” rating by Piper Jaffray on Tuesday, January 23. The company was maintained on Tuesday, February 6 by Piper Jaffray. The rating was maintained by BMO Capital Markets with “Hold” on Friday, November 17.

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