This article first appeared on GuruFocus.
The Utilities Select Sector SPDR (XLU) drove the move, cutting 431,816 shares worth $29.5 million. ETF activity on Tuesday was net selling of $27.3 million, though more funds traded the other way: 25 ETFs bought Dominion while 13 sold, with the buyers’ smaller amounts leaving the net negative. The session followed a $31.0 million net inflow on Nov. 9 and a $0.8 million net addition on Nov. 6. It marks the first day of same-direction selling in the current streak.
For the full record of ETF and guru buying and selling in D, see the D guru trades page.
Which ETFs sold D on Tuesday?
The largest sellers by dollar value were XLU ($29.5 million), SPY ($2.0 million) and IVV ($0.3 million). In all, 25 ETFs added shares and 13 cut them.
XLU accounted for the bulk of the selling, reducing its stake by 2.77% to 15,146,751 shares, a 4.39% portfolio weight. SPY trimmed 29,160 shares for $2.0 million, IVV cut 4,599 shares for $0.3 million, and VLUE shed 4,110 shares for $0.3 million. Smaller reductions came from IDU, USMV, IFRA and SPYV. Dominion operates in the Utilities sector, specifically Utilities – Regulated Electric, with a market cap of $59.9 billion.
Have ETFs been buying or selling D lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does D do?
Dominion Energy Inc. is a Richmond, Virginia-based regulated electric and gas utility holding company serving customers primarily in Virginia, South Carolina, and other eastern states.
Dominion’s trailing-12-month revenue was $19.61 billion, up 19.8% over one year, with a gross margin of 53.1% and a net margin of 13.7%. It trades at a P/E of 22.57, P/B of 2.1 and P/S of 3.04. The GF Score is 79, and GF Value of $69.97 compares with a price of $68.06. The dividend yield is 3.93%, and the
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
