Gotham Asset Management LLC Acquires 274,339 Shares of Dominion Energy, Inc. (NYSE:D)

Gotham Asset Management LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 128.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 488,062 shares of the utilities provider's stock after acquiring an additional 274,339 shares during the period. Gotham Asset Management LLC owned about 0.06% of Dominion Energy worth $26,287,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. 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 acquiring an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of 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 valued at $25,000 after acquiring an additional 378 shares during the period. BankPlus Trust Department acquired a new position in shares of Dominion Energy during the fourth quarter valued at $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy in the fourth quarter valued at $27,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at $27,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on D shares. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. UBS Group boosted their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Morgan Stanley boosted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $58.75.

Dominion Energy Stock Performance

D stock traded down $0.60 during midday trading on Tuesday, hitting $54.25. The stock had a trading volume of 382,984 shares, compared to its average volume of 4,392,126. The stock has a 50-day simple moving average of $53.96 and a 200 day simple moving average of $55.16. Dominion Energy, Inc. has a 52 week low of $47.99 and a 52 week high of $61.97. The firm has a market capitalization of $46.26 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 1.22 and a beta of 0.57. 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 (NYSE:D - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio is 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.