Global Wealth Management Investment Advisory Inc. Invests $4.14 Million in Dominion Energy, Inc. (NYSE:D)

Global Wealth Management Investment Advisory Inc. acquired a new position in Dominion Energy, Inc. (NYSE:D) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 76,884 shares of the utilities provider’s stock, valued at approximately $4,141,000.

Other large investors have also added to or reduced their stakes in the company. Wedmont Private Capital boosted its holdings in shares of Dominion Energy by 7.9% in the 3rd quarter. Wedmont Private Capital now owns 5,746 shares of the utilities provider’s stock valued at $328,000 after buying an additional 420 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Dominion Energy by 651.2% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,230 shares of the utilities provider’s stock worth $187,000 after acquiring an additional 2,800 shares in the last quarter. City State Bank lifted its stake in Dominion Energy by 92.9% in the third quarter. City State Bank now owns 1,806 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 870 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of Dominion Energy by 118.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 15,288 shares of the utilities provider’s stock valued at $883,000 after acquiring an additional 8,287 shares during the period. Finally, Thomasville National Bank increased its stake in shares of Dominion Energy by 1.2% during the 3rd quarter. Thomasville National Bank now owns 17,308 shares of the utilities provider’s stock worth $1,000,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of Dominion Energy stock opened at $54.64 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $45.90 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The company has a 50-day simple moving average of $54.51 and a two-hundred day simple moving average of $56.20.

Dominion Energy Dividend Announcement

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

Wall Street Analyst Weigh In

D has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Scotiabank upped their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.58.

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.