Levin Easterly Partners’ Latest Portfolio: Top 5 Stock Picks

This article discusses Levin Easterly Partners’ Latest Portfolio: Top 5 Stock Picks at the end of June 2022. To know how Levin Easterly Partners got created from Levin Capital Strategies and has now changed its name to Easterly Investment Partners, please read  Levin Easterly Partners’ Latest Portfolio: Top 10 Stock Picks.

5. Dominion Energy Inc. (NYSE:D)

Levin Easterly Partners’ Stake Value: $24,650,000

Percentage of Levin Easterly Partners’ 13F Portfolio: 2.19%

Number of Hedge Fund Holders(Q1): 34

Dominion Energy Inc.’s (NYSE:D) popularity among hedge funds tracked by us peaked at the end of June 2019, when 50 funds reported holding a stake in the company. In contrast, only 38 hedge funds tracked by Insider Monkey disclosed a stake in Dominion Energy Inc. (NYSE:D) at the end of March 2021. Dominion Energy Inc. (NYSE:D) is a multi-utility company operating in both regulated electricity and gas distribution segments. With an annual dividend of $2.67 per share, Dominion Energy Inc.’s (NYSE:D) currently boasts of an attractive annual dividend yield of 3.27%.

For the third quarter of its fiscal year 2023, Dominion Energy Inc. (NYSE:D) reported a net loss of $453 million on revenue of $3.6 billion compared to earnings of $285 million on revenue of $3 billion for the same quarter last year. A large part of the FY2022 third quarter loss declared by Dominion Energy Inc. (NYSE:D) can be attributed to the increase in its operating expenses, which rose to $3.9 billion from $2.7 billion in the third quarter of the fiscal year 2021.