Entropy Technologies LP Acquires New Stake in Dominion Energy, Inc. (NYSE:D)

Entropy Technologies LP acquired a new stake in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 50,792 shares of the utilities provider’s stock, valued at approximately $2,736,000.

Other institutional investors have also added to or reduced their stakes in the company. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy during the 4th quarter worth about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the 3rd quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth about $32,000. Dunhill Financial LLC increased its stake in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Dominion Energy by 282.4% during 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 last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $54.64 on Friday. The company’s 50 day moving average price is $54.51 and its two-hundred day moving average price is $56.16. Dominion Energy, Inc. has a 12-month low of $43.53 and a 12-month high of $61.97. The firm has a market cap of $45.90 billion, a PE ratio of 19.17, a PEG ratio of 1.18 and a beta of 0.61. 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 Announces Dividend

The company also recently declared 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 4.89%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on D shares. 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 target on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. 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 note on Tuesday, October 15th. Finally, Scotiabank upped 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. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy 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.