Oxford Asset Management LLP Purchases Shares of 10,870 Dominion Energy, Inc. (NYSE:D)

Oxford Asset Management LLP purchased a new position in Dominion Energy, Inc. (NYSE:D - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,870 shares of the utilities provider's stock, valued at approximately $585,000.

Other hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after acquiring an additional 378 shares during the last quarter. Cape Investment Advisory Inc. increased its position in Dominion Energy by 175.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after buying an additional 300 shares during the last quarter. BankPlus Trust Department acquired a new position in Dominion Energy during the fourth quarter worth $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy during the fourth quarter worth $27,000. Finally, Fairway Wealth LLC acquired a new position in Dominion Energy during the fourth quarter worth $27,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on D shares. UBS Group increased their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley raised their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. One 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, the company currently has a consensus rating of "Hold" and an average price target of $57.00.

Dominion Energy Stock Performance

NYSE D traded up $0.07 during trading on Wednesday, hitting $54.38. The company's stock had a trading volume of 6,156,478 shares, compared to its average volume of 4,375,965. The firm has a market cap of $46.34 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. 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, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The firm has a 50 day moving average price of $54.23 and a 200 day moving average price of $55.49.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

About Dominion Energy

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.