Pinebridge Investments L.P. Grows Position in Dominion Energy, Inc. (NYSE:D)

Pinebridge Investments L.P. increased its holdings in Dominion Energy, Inc. (NYSE:D - Free Report) by 8,514.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 463,302 shares of the utilities provider's stock after buying an additional 457,924 shares during the period. Pinebridge Investments L.P. owned 0.06% of Dominion Energy worth $24,953,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in D. Howard Capital Management Group LLC purchased a new stake in Dominion Energy during the third quarter valued at about $210,000. Barclays PLC raised its position in Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock valued at $141,739,000 after purchasing an additional 404,868 shares in the last quarter. Passumpsic Savings Bank raised its position in Dominion Energy by 2.7% during the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider's stock valued at $441,000 after purchasing an additional 199 shares in the last quarter. Morse Asset Management Inc purchased a new stake in Dominion Energy during the third quarter valued at about $734,000. Finally, Pine Valley Investments Ltd Liability Co raised its position in Dominion Energy by 7.2% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 5,397 shares of the utilities provider's stock valued at $312,000 after purchasing an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Up 1.2 %

Shares of NYSE D traded up $0.63 during trading on Tuesday, reaching $54.37. The company had a trading volume of 1,523,322 shares, compared to its average volume of 4,349,645. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The stock has a market cap of $46.33 billion, a PE ratio of 20.14, a P/E/G ratio of 1.22 and a beta of 0.57. The business's 50-day moving average is $54.28 and its 200 day moving average is $55.49. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, equities analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Argus raised Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Morgan Stanley raised their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.