Allegheny Financial Group Takes $281,000 Position in Dominion Energy, Inc. (NYSE:D)

Allegheny Financial Group purchased a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,212 shares of the utilities provider's stock, valued at approximately $281,000.

Several other large investors also recently bought and sold shares of the business. Simon Quick Advisors LLC increased its position in Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock worth $229,000 after purchasing an additional 184 shares in the last quarter. Cadence Bank boosted its stake in shares of Dominion Energy by 2.0% during the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock worth $515,000 after purchasing an additional 189 shares during the last quarter. Choate Investment Advisors grew its holdings in shares of Dominion Energy by 5.4% during the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock worth $209,000 after buying an additional 198 shares in the last quarter. Eagle Strategies LLC raised its position in shares of Dominion Energy by 6.0% in the fourth quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider's stock valued at $202,000 after buying an additional 212 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Dominion Energy by 16.9% during the fourth quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock valued at $81,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Dominion Energy stock opened at $55.00 on Friday. The firm has a fifty day moving average of $54.08 and a 200-day moving average of $55.45. Dominion Energy, Inc. has a 52-week low of $47.99 and a 52-week high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $46.87 billion, a P/E ratio of 20.37, a PEG ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the company posted $0.55 earnings per share. The firm's revenue was up 12.2% compared to the same quarter last year. As a group, analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, UBS Group lifted their price target on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of "Hold" and a consensus target price of $57.00.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.