Stratos Wealth Advisors LLC Lowers Holdings in Dominion Energy, Inc. (NYSE:D)

Stratos Wealth Advisors LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,866 shares of the utilities provider’s stock after selling 565 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Dominion Energy were worth $585,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of D. Atomi Financial Group Inc. grew its position in shares of Dominion Energy by 12.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 9,650 shares of the utilities provider’s stock valued at $558,000 after acquiring an additional 1,050 shares during the period. Wedmont Private Capital grew its holdings in Dominion Energy by 7.9% in the third quarter. Wedmont Private Capital now owns 5,746 shares of the utilities provider’s stock valued at $328,000 after purchasing an additional 420 shares during the period. Sanibel Captiva Trust Company Inc. increased its position in shares of Dominion Energy by 146.3% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 13,848 shares of the utilities provider’s stock valued at $800,000 after buying an additional 8,225 shares in the last quarter. San Luis Wealth Advisors LLC raised its stake in shares of Dominion Energy by 114.1% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 12,438 shares of the utilities provider’s stock worth $719,000 after buying an additional 6,629 shares during the period. Finally, Virginia Wealth Management Group Inc. lifted its position in shares of Dominion Energy by 39.4% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 49,064 shares of the utilities provider’s stock valued at $2,835,000 after buying an additional 13,859 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Dominion Energy Stock Performance

NYSE D opened at $54.64 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock’s fifty day moving average is $54.59 and its two-hundred day moving average is $56.14. The firm has a market capitalization of $45.90 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.