Apollon Wealth Management LLC Grows Holdings in Dominion Energy, Inc. (NYSE:D)

Apollon Wealth Management LLC grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 18.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,204 shares of the utilities provider’s stock after purchasing an additional 3,809 shares during the quarter. Apollon Wealth Management LLC’s holdings in Dominion Energy were worth $1,304,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Dominion Energy during the third quarter valued at $28,000. Roble Belko & Company Inc bought a new position in Dominion Energy during the 4th quarter worth about $27,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy during the 3rd quarter valued at about $32,000. Dunhill Financial LLC raised its holdings in shares of Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on D. Morgan Stanley started coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Barclays boosted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank increased their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Stock Up 1.2 %

D stock opened at $55.29 on Tuesday. 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, Inc. has a 52 week low of $43.53 and a 52 week high of $61.97. The stock has a market capitalization of $46.45 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. The firm has a 50 day moving average of $54.51 and a 200 day moving average of $56.23.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.