Hudson Bay Capital Management LP Takes $2.89 Million Position in Dominion Energy, Inc. (NYSE:D)

Hudson Bay Capital Management LP acquired a new position in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 53,695 shares of the utilities provider’s stock, valued at approximately $2,892,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC boosted its position in shares of Dominion Energy by 19.8% during the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after buying an additional 404,868 shares during the period. Czech National Bank lifted its holdings in Dominion Energy by 6.6% during the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock valued at $9,810,000 after buying an additional 11,231 shares in the last quarter. HB Wealth Management LLC boosted its position in Dominion Energy by 15.6% in the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock valued at $1,939,000 after buying an additional 4,861 shares during the period. Pacer Advisors Inc. increased its position in shares of Dominion Energy by 12.2% during the fourth quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock worth $3,782,000 after acquiring an additional 7,632 shares during the period. Finally, Greenwood Capital Associates LLC bought a new stake in shares of Dominion Energy during the fourth quarter valued at approximately $1,027,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Price Performance

Shares of D stock opened at $54.81 on Tuesday. The stock’s 50-day moving average is $53.96 and its 200 day moving average is $55.16. Dominion Energy, Inc. has a 1-year low of $47.99 and a 1-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. The company has a market cap of $46.74 billion, a P/E ratio of 20.30, a PEG ratio of 1.22 and a beta of 0.57.

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

Dominion Energy Announces Dividend

The firm 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 dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date is Thursday, May 29th. Dominion Energy’s payout ratio is presently 100.00%.

Analyst Ratings Changes

Several research analysts have commented on D shares. UBS Group raised their price objective on Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. JPMorgan Chase & Co. restated an “underweight” rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Morgan Stanley upped their price objective 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. Finally, Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $58.75.

Dominion Energy 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.