AlphaStar Capital Management LLC Acquires 3,120 Shares of Dominion Energy, Inc. (NYSE:D)

AlphaStar Capital Management LLC boosted its holdings in Dominion Energy, Inc. (NYSE:D) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,128 shares of the utilities provider’s stock after buying an additional 3,120 shares during the period. AlphaStar Capital Management LLC’s holdings in Dominion Energy were worth $869,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Roble Belko & Company Inc bought a new position in Dominion Energy during the 4th quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy in the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy during the 3rd quarter worth $32,000. Dunhill Financial LLC lifted its holdings in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 487 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dominion Energy Price Performance

Shares of D opened at $54.64 on Friday. The company’s 50-day moving average is $54.51 and its 200-day moving average is $56.16. 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 firm has a market capitalization of $45.90 billion, a PE ratio of 19.17, a PEG ratio of 1.18 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 Dividend Announcement

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