As Dominion Energy (D) Market Valuation Rose, Profund Advisors Has Upped Stake; Verizon Communications (VZ) Share Price Declined While Iowa State Bank Decreased Stake by $1.10 Million

Verizon Communications Inc. (NYSE:VZ) Logo

Iowa State Bank decreased its stake in Verizon Communications Inc (VZ) by 21.3% based on its latest 2018Q4 regulatory filing with the SEC. Iowa State Bank sold 19,686 shares as the company’s stock declined 6.36% while stock markets rallied. The institutional investor held 72,754 shares of the telecommunications equipment company at the end of 2018Q4, valued at $4.09M, down from 92,440 at the end of the previous reported quarter. Iowa State Bank who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $239.49B market cap company. The stock increased 0.52% or $0.3 during the last trading session, reaching $57.96. About 3.58 million shares traded. Verizon Communications Inc. (NYSE:VZ) has risen 17.26% since March 14, 2018 and is uptrending. It has outperformed by 12.89% the S&P500. Some Historical VZ News: 09/04/2018 – Opengear Earns Verizon Wireless Certification for ACM7000-LMV Resilience Gateway; 04/05/2018 – VERIZON FILES PRICING TERM SHEET WITH U.S. SEC RELATED TO OFFERING OF $730 MLN 5.32% NOTES DUE 2053 – SEC FILING; 10/04/2018 – Ransomware still a top cybersecurity threat, warns Verizon 2018 Data Breach Investigations Report; 13/03/2018 – Triton Digital® Expands Canadian Sales Team to Further Accelerate the Digital Audio Industry Throughout the Region; 11/05/2018 – Cusick added that Verizon has no plan to establish its own video streaming platform but it plans to announce a partnership soon; 22/05/2018 – New RootMetrics Mobile Performance Report for Denver: T-Mobile and Verizon Make Major Strides, Sweeping the Awards; 14/05/2018 – Verizon announces ThingSpace Ready, a program to help get cellular IoT solutions to market quickly, reliably and cost effectively; 19/03/2018 – Verizon announces increase to waterfall cap, early participation results, and early settlement for tender offers for 13 series; 24/04/2018 – Verizon 1Q Wireless Retail Postpaid ARPA $131.71; 08/03/2018 – Google defeats Zombie Go Boom ‘Adpocalypse’ lawsuit

Profund Advisors Llc increased its stake in Dominion Energy Inc (D) by 86.06% based on its latest 2018Q4 regulatory filing with the SEC. Profund Advisors Llc bought 33,746 shares as the company’s stock rose 2.66% with the market. The institutional investor held 72,956 shares of the public utilities company at the end of 2018Q4, valued at $5.21 million, up from 39,210 at the end of the previous reported quarter. Profund Advisors Llc who had been investing in Dominion Energy Inc for a number of months, seems to be bullish on the $61.14B market cap company. The stock increased 0.25% or $0.19 during the last trading session, reaching $76.49. About 1.75M shares traded. Dominion Energy, Inc. (NYSE:D) has risen 4.04% since March 14, 2018 and is uptrending. It has underperformed by 0.33% the S&P500. Some Historical D News: 27/03/2018 – DOMINION ENERGY REAFFIRMS EARNINGS AND DIVIDEND GUIDANCE; 19/03/2018 – Dominion Energy Affirms Earnings Guidance, Credit Objectives; 16/04/2018 – DOMINION RAISES NORTH ANNA 1 REACTOR TO 29% POWER FROM 0%: NRC; 27/04/2018 – DOMINION ENERGY INC D.N – FIRST-QUARTER 2018 REPORTED EARNINGS OF $0.77 PER SHARE; 27/04/2018 – Dominion Energy 1Q Net $503M; 09/05/2018 – Dominion Energy Names Mark Webb VP, Corporate Affairs, and Innovation Chief; 27/03/2018 – Cleveland: Dominion Energy Ohio Gas Pipeline Infrastructure Replacement Project – PIR 2107; 09/05/2018 – Dominion Energy Declares Quarterly Dividend of 83.5 Cents; 18/04/2018 – Dominion’s $8 Billion Scana Merger Dealt Another Blow in S.C; 02/05/2018 – Cramer also hears from the CEOs of Coupa Software and Dominion Energy

Profund Advisors Llc, which manages about $4.85 billion and $1.62B US Long portfolio, decreased its stake in American Express Co (NYSE:AXP) by 6,201 shares to 17,935 shares, valued at $1.71 million in 2018Q4, according to the filing. It also reduced its holding in Ultimate Software Group Inc (NASDAQ:ULTI) by 1,654 shares in the quarter, leaving it with 2,140 shares, and cut its stake in Applied Matls Inc (NASDAQ:AMAT).

More notable recent Dominion Energy, Inc. (NYSE:D) news were published by: Fool.ca which released: “Why I’d Be Worried Sick if I Owned BCE (TSX:BCE) Stock – The Motley Fool Canada” on March 12, 2019, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: AEP, Apple, Boeing, Coca-Cola, Eli Lilly, RingCentral, Tellurian, Tesla, Vonage and More – 24/7 Wall St.” published on March 12, 2019, Seekingalpha.com published: “Atlantic Coast Pipeline loses permit appeal – Seeking Alpha” on February 25, 2019. More interesting news about Dominion Energy, Inc. (NYSE:D) were released by: Streetinsider.com and their article: “Dominion Energy (D) Issues Statement on Skiffes Creek Transmission Line Ruling – StreetInsider.com” published on March 01, 2019 as well as Fool.com‘s news article titled: “5 Marijuana Stocks That Call the NYSE Home – Motley Fool” with publication date: February 13, 2019.

Since December 19, 2018, it had 1 insider purchase, and 0 sales for $300,003 activity.

Investors sentiment increased to 1.32 in Q4 2018. Its up 0.25, from 1.07 in 2018Q3. It improved, as 49 investors sold D shares while 276 reduced holdings. 102 funds opened positions while 326 raised stakes. 460.05 million shares or 8.25% more from 424.97 million shares in 2018Q3 were reported. Gotham Asset Mgmt Limited invested 0.03% in Dominion Energy, Inc. (NYSE:D). Strategic Wealth Advsr Gru Ltd stated it has 0.15% of its portfolio in Dominion Energy, Inc. (NYSE:D). Eaton Vance Management has 98,401 shares. Personal Advsr holds 0% in Dominion Energy, Inc. (NYSE:D) or 3,270 shares. Regions holds 782,335 shares. Appleton Prtn Inc Ma reported 0.04% of its portfolio in Dominion Energy, Inc. (NYSE:D). Sigma Planning invested 0.15% in Dominion Energy, Inc. (NYSE:D). Trustmark Comml Bank Trust Department stated it has 1,531 shares or 0.01% of all its holdings. Baker Ellis Asset Ltd Liability reported 4,747 shares or 0.1% of all its holdings. Jane Street Group Inc Ltd holds 182,417 shares. Florida-based St Johns Invest Lc has invested 0.02% in Dominion Energy, Inc. (NYSE:D). Cwm Limited Liability holds 0.09% or 52,298 shares. San Francisco Sentry Investment Group (Ca) reported 149 shares. Oppenheimer And Inc reported 0.3% of its portfolio in Dominion Energy, Inc. (NYSE:D). Monetary Mgmt Group Inc has 2,400 shares.

Iowa State Bank, which manages about $198.07M US Long portfolio, upped its stake in Energy Select Sector Spdr Etf (XLE) by 8,847 shares to 14,998 shares, valued at $860,000 in 2018Q4, according to the filing.

Analysts await Verizon Communications Inc. (NYSE:VZ) to report earnings on April, 23. They expect $1.17 earnings per share, 0.00% or $0.00 from last year’s $1.17 per share. VZ’s profit will be $4.83 billion for 12.38 P/E if the $1.17 EPS becomes a reality. After $1.12 actual earnings per share reported by Verizon Communications Inc. for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Verizon Communications Inc. (NYSE:VZ) Institutional Positions Chart