Dominion Energy, Inc. (NYSE:D) Shares Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP lifted its holdings in Dominion Energy, Inc. (NYSE:D) by 189.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,679 shares of the utilities provider’s stock after purchasing an additional 33,197 shares during the period. Dark Forest Capital Management LP’s holdings in Dominion Energy were worth $2,730,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in D. Norges Bank acquired a new position in shares of Dominion Energy during the fourth quarter worth $473,354,000. American Century Companies Inc. boosted its position in shares of Dominion Energy by 207.7% during the 4th quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock worth $202,724,000 after acquiring an additional 2,540,713 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Dominion Energy by 8,585.3% in the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock valued at $119,048,000 after acquiring an additional 2,184,873 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Dominion Energy by 4.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 30,960,638 shares of the utilities provider’s stock worth $1,667,540,000 after acquiring an additional 1,459,926 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Dominion Energy during the fourth quarter worth approximately $71,409,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Dominion Energy stock opened at $53.40 on Wednesday. The business has a 50 day simple moving average of $54.46 and a 200-day simple moving average of $55.59. Dominion Energy, Inc. has a 12 month low of $47.99 and a 12 month 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. The stock has a market capitalization of $45.51 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on D. Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Morgan Stanley lifted their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. UBS Group upped their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $52.00 target price (down previously from $59.00) on shares of Dominion Energy in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.