Stratos Wealth Partners LTD. Grows Stock Position in Dominion Energy Inc. $D

Stratos Wealth Partners LTD. grew its position in Dominion Energy Inc. (NYSE:D) by 53.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 47,953 shares of the utilities provider’s stock after acquiring an additional 16,635 shares during the period. Stratos Wealth Partners LTD.’s holdings in Dominion Energy were worth $2,933,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Stratos Wealth Advisors LLC grew its stake in shares of Dominion Energy by 7.7% in the third quarter. Stratos Wealth Advisors LLC now owns 10,774 shares of the utilities provider’s stock worth $659,000 after acquiring an additional 773 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at $413,000. Versor Investments LP acquired a new stake in shares of Dominion Energy during the 3rd quarter worth about $641,000. Rockland Trust Co. acquired a new stake in Dominion Energy during the 3rd quarter worth approximately $528,000. Finally, Johnson Investment Counsel Inc. increased its stake in Dominion Energy by 9.0% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,365 shares of the utilities provider’s stock valued at $389,000 after buying an additional 525 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on D. JPMorgan Chase & Co. lowered their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a research note on Thursday, December 11th. BMO Capital Markets reduced their price target on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Barclays dropped their price target on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Weiss Ratings upgraded shares of Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, BTIG Research began coverage on Dominion Energy in a research note on Wednesday, October 22nd. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average price target of $64.33.

Dominion Energy Price Performance

NYSE D opened at $66.46 on Friday. The stock has a market cap of $56.76 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average price of $60.07 and a two-hundred day moving average price of $60.36. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $66.79.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. Dominion Energy’s dividend payout ratio is currently 90.82%.

Dominion Energy Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.