Leo Wealth LLC Invests $1.10 Million in Dominion Energy, Inc. (NYSE:D)

Leo Wealth LLC purchased a new stake in shares of Dominion Energy, Inc. (NYSE:D) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,333 shares of the utilities provider’s stock, valued at approximately $1,095,000.

A number of other hedge funds have also bought and sold shares of D. Hotchkis & Wiley Capital Management LLC increased its holdings in Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Dominion Energy by 10,324.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after acquiring an additional 2,229,220 shares during the last quarter. International Assets Investment Management LLC boosted its position in Dominion Energy by 7,438.3% during the third quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock valued at $85,734,000 after buying an additional 1,463,858 shares during the period. State Street Corp grew its holdings in shares of Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider’s stock valued at $1,653,964,000 after buying an additional 1,222,688 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on D shares. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Scotiabank increased their price target 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. Finally, Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Eleven equities research 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 presently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Up 0.4 %

NYSE D opened at $54.32 on Friday. The stock has a 50 day moving average price of $54.70 and a 200-day moving average price of $56.15. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. 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 company has a market capitalization of $45.63 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.21 and a beta of 0.61.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.92%. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

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.