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

Castleark Management LLC bought a new position in Dominion Energy, Inc. (NYSE:D - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 157,550 shares of the utilities provider's stock, valued at approximately $8,486,000.

A number of other large investors have also recently added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC increased its position in Dominion Energy by 450.0% during 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 period. 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 valued at $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department acquired a new stake in Dominion Energy in the 4th quarter valued at $26,000. Fairway Wealth LLC bought a new position in Dominion Energy in the 4th quarter valued at $27,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in shares of Dominion Energy by 100.4% in 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 period. Institutional investors own 73.04% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group upped their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, Morgan Stanley reduced their target price on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $58.63.

Dominion Energy Stock Up 1.2%

NYSE D traded up $0.66 on Friday, reaching $56.32. The company had a trading volume of 5,958,163 shares, compared to its average volume of 4,517,497. Dominion Energy, Inc. has a 52-week low of $47.99 and a 52-week high of $61.97. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $48.03 billion, a P/E ratio of 20.86, a P/E/G ratio of 1.22 and a beta of 0.57. The company's fifty day moving average is $54.13 and its 200 day moving average is $55.01.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The company had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the previous year, the business posted $0.55 EPS. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is presently 100.00%.

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.