Parvin Asset Management LLC Purchases New Shares in Dominion Energy, Inc. (NYSE:D)

Parvin Asset Management LLC acquired a new position in Dominion Energy, Inc. (NYSE:D) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,200 shares of the utilities provider’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in D. Cape Investment Advisory Inc. grew its stake in shares of 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 buying an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Dominion Energy by 450.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 378 shares during the last quarter. BankPlus Trust Department purchased a new stake in Dominion Energy during the 4th quarter valued at about $26,000. Roble Belko & Company Inc bought a new position in shares of Dominion Energy in the fourth quarter worth approximately $27,000. Finally, Fairway Wealth LLC purchased a new position in Dominion Energy in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE D opened at $54.38 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $47.99 and a 12-month high of $61.97. The firm has a market capitalization of $46.34 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The firm has a 50 day moving average of $54.17 and a 200 day moving average of $55.48.

Dominion Energy (NYSE:D) last issued 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 net margin of 16.22% and a return on equity of 8.99%. On average, research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on D shares. UBS Group increased their target price on 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 increased their price objective 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. Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $57.00.

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.