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

Global Wealth Management Investment Advisory Inc. purchased a new stake in Dominion Energy, Inc. (NYSE:D) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 76,884 shares of the utilities provider’s stock, valued at approximately $4,141,000.

A number of other large investors have also recently bought and sold shares of D. State Street Corp raised its stake 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 valued at $2,559,972,000 after acquiring an additional 1,365,555 shares during the last quarter. JPMorgan Chase & Co. raised its position in Dominion Energy by 4.5% in 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 purchasing an additional 1,222,688 shares during the last quarter. Geode Capital Management LLC boosted its stake in Dominion Energy by 2.1% in the third quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock worth $1,032,941,000 after purchasing an additional 367,193 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Dominion Energy by 4.8% during the third quarter. Franklin Resources Inc. now owns 8,718,747 shares of the utilities provider’s stock worth $496,358,000 after purchasing an additional 398,012 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after buying an additional 3,278,175 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Price Performance

Dominion Energy stock opened at $54.64 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $45.90 billion, a P/E ratio of 19.17, a PEG ratio of 1.18 and a beta of 0.61. The business has a 50-day moving average of $54.51 and a 200-day moving average of $56.20. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97.

Dominion Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on D. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Scotiabank boosted 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. Finally, Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $56.58.

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.