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

AlphaStar Capital Management LLC grew its holdings in Dominion Energy, Inc. (NYSE:D) by 24.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,128 shares of the utilities provider’s stock after purchasing 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.

Other institutional investors also recently modified their holdings of the company. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the 3rd quarter valued at $28,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy during the third quarter worth about $32,000. Dunhill Financial LLC increased its stake in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $54.64 on Friday. The business has a 50-day simple moving average of $54.51 and a 200 day simple moving average of $56.16. The firm has a market capitalization of $45.90 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.18 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97.

Dominion Energy Announces Dividend

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