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

Entropy Technologies LP acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 50,792 shares of the utilities provider’s stock, valued at approximately $2,736,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the 3rd quarter valued at approximately $28,000. Roble Belko & Company Inc acquired a new position in Dominion Energy in the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Dominion Energy in the 3rd quarter valued at approximately $32,000. Dunhill Financial LLC increased its position in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the period. Finally, Larson Financial Group LLC increased its position 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 acquiring an additional 449 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.5 %

Dominion Energy stock opened at $54.64 on Friday. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The firm 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. The firm’s fifty day moving average price is $54.51 and its two-hundred day moving average price is $56.16. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

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 paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. 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 research report on Tuesday, October 15th. Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Scotiabank increased 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, 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. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus target price 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.