Dominion Energy, Inc. (NYSE:D) Shares Acquired by Arlington Capital Management Inc.

Arlington Capital Management Inc. increased its position in Dominion Energy, Inc. (NYSE:D) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,951 shares of the utilities provider’s stock after purchasing an additional 1,191 shares during the quarter. Arlington Capital Management Inc.’s holdings in Dominion Energy were worth $967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in D. TrueMark Investments LLC grew its holdings in Dominion Energy by 9.2% during the 4th quarter. TrueMark Investments LLC now owns 71,641 shares of the utilities provider’s stock worth $3,859,000 after acquiring an additional 6,050 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $37,000. Bay Capital Advisors LLC acquired a new stake in shares of Dominion Energy during the 4th quarter valued at approximately $718,000. Signature Estate & Investment Advisors LLC lifted its stake in Dominion Energy by 9.1% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 7,977 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 665 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Dominion Energy in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on D shares. Morgan Stanley increased their target price on Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Scotiabank lifted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. UBS Group raised 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. Finally, JPMorgan Chase & Co. lifted their target price on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $57.58.

Dominion Energy Price Performance

Shares of NYSE:D opened at $52.86 on Wednesday. The company’s fifty day moving average is $55.19 and its two-hundred day moving average is $56.24. The company has a market cap of $45.04 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month 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.

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

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 5.05%. Dominion Energy’s dividend payout ratio is presently 98.89%.

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.