Pinebridge Investments L.P. Purchases 457,924 Shares of Dominion Energy, Inc. (NYSE:D)

Pinebridge Investments L.P. grew its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 8,514.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 463,302 shares of the utilities provider's stock after purchasing 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cape Investment Advisory Inc. lifted its holdings in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after purchasing an additional 300 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings 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 buying an additional 378 shares during the period. BankPlus Trust Department purchased a new position in Dominion Energy during the 4th quarter worth approximately $26,000. Roble Belko & Company Inc purchased a new position in shares of Dominion Energy during the fourth quarter valued at $27,000. Finally, Fairway Wealth LLC acquired a new position in shares of Dominion Energy in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Analysts Set New Price Targets

D has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed 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. Morgan Stanley lifted 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 raised Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $57.00.

Dominion Energy Stock Performance

Shares of NYSE D traded down $0.41 during trading hours on Friday, hitting $52.94. 5,352,231 shares of the company's stock were exchanged, compared to its average volume of 4,362,517. The stock has a market capitalization of $45.12 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.22 and a beta of 0.57. The company's 50-day moving average price is $54.32 and its 200-day moving average price is $55.51. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-year high of $61.97.

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

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.