Jump Financial LLC Decreases Holdings in Dominion Energy, Inc. (NYSE:D)

Jump Financial LLC cut its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 75.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,639 shares of the utilities provider's stock after selling 26,168 shares during the period. Jump Financial LLC's holdings in Dominion Energy were worth $465,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cape Investment Advisory Inc. raised its holdings in Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after acquiring an additional 300 shares during the last quarter. BankPlus Trust Department purchased a new position in Dominion Energy in the 4th quarter worth approximately $26,000. Roble Belko & Company Inc purchased a new position in Dominion Energy in the 4th quarter worth approximately $27,000. Fairway Wealth LLC purchased a new position in Dominion Energy in the 4th quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in Dominion Energy by 100.4% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider's stock valued at $28,000 after buying an additional 260 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Wall Street Analysts Forecast Growth

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

Dominion Energy Price Performance

Dominion Energy stock traded up $0.07 during mid-day trading on Wednesday, hitting $54.38. The stock had a trading volume of 6,156,478 shares, compared to its average volume of 4,375,967. The firm has a market capitalization of $46.34 billion, a P/E ratio of 20.14, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm's 50 day moving average is $54.17 and its 200 day moving average is $55.48. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97.

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

Dominion Energy 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.