Apollon Wealth Management LLC Boosts Holdings in Dominion Energy, Inc. (NYSE:D)

Apollon Wealth Management LLC raised its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,204 shares of the utilities provider’s stock after buying an additional 3,809 shares during the period. Apollon Wealth Management LLC’s holdings in Dominion Energy were worth $1,304,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Dominion Energy by 651.2% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,230 shares of the utilities provider’s stock valued at $187,000 after purchasing an additional 2,800 shares during the period. City State Bank grew its stake in shares of Dominion Energy by 92.9% during the 3rd quarter. City State Bank now owns 1,806 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 870 shares during the period. Exchange Traded Concepts LLC increased its holdings in Dominion Energy by 118.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 15,288 shares of the utilities provider’s stock worth $883,000 after acquiring an additional 8,287 shares in the last quarter. Thomasville National Bank raised its stake in Dominion Energy by 1.2% during the 3rd quarter. Thomasville National Bank now owns 17,308 shares of the utilities provider’s stock worth $1,000,000 after acquiring an additional 204 shares during the period. Finally, Sapient Capital LLC purchased a new position in Dominion Energy during the third quarter valued at approximately $222,000. 73.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

D has been the topic of several recent analyst reports. Barclays raised their price objective 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. Morgan Stanley began 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. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank lifted their target price on 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $56.58.

Dominion Energy Trading Up 1.2 %

D stock opened at $55.29 on Tuesday. Dominion Energy, Inc. has a twelve month low of $43.53 and a twelve month high of $61.97. The stock has a market capitalization of $46.45 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth 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. The firm’s fifty day simple moving average is $54.51 and its two-hundred day simple moving average is $56.23.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy’s dividend payout ratio (DPR) is currently 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.