157,550 Shares in Dominion Energy, Inc. (NYSE:D) Acquired by Castleark Management LLC

Castleark Management LLC purchased a new position in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 157,550 shares of the utilities provider’s stock, valued at approximately $8,486,000.

Several other hedge funds have also bought and sold shares of D. 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 purchasing an additional 378 shares in the last quarter. Cape Investment Advisory Inc. boosted 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 buying an additional 300 shares during the period. BankPlus Trust Department purchased a new position in Dominion Energy in the 4th quarter valued at approximately $26,000. Fairway Wealth LLC purchased a new position in Dominion Energy in the 4th quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings 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 acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

D stock opened at $57.93 on Wednesday. The firm has a 50 day simple moving average of $54.04 and a two-hundred day simple moving average of $55.03. The stock has a market cap of $49.40 billion, a PE ratio of 21.46, a P/E/G ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97. 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 (NYSE:D) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. On average, analysts predict that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a $0.6675 dividend. The ex-dividend date is Thursday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.61%. Dominion Energy’s payout ratio is 100.00%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on D. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 price target (down from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. UBS Group raised their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Argus upgraded Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley raised their price objective on shares of 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, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $58.75.

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.