Top 5 Electric Utility Dividend Stocks to Buy

2. Dominion Energy, Inc. (NYSE: D)

Number of Hedge Fund Holders: 47
Total Value of Hedge Fund Holdings: $1.50 Billion
Dividend Yield as of May 19: 3.24%

Ranking 2nd in our list of top 10 electric utility dividend stocks to buy is Dominion Energy, Inc. (NYSE:D). The Virginia-based power and energy company Dominion Energy, Inc. was founded in 1893 and has grown its customer base to over 7 million customers in 16 states. Dominion Energy, Inc. (NYSE:D) has a market cap of $62.2 billion. Dominion Energy, Inc.’s operating earnings in the first quarter of 2021 came in at $893 million. Shares of D jumped 8% over the past three months. On April 21, Credit Suisse maintained an Outperform rating on Dominion Energy and raised the price target to $90.

There were 47 hedge funds that reported owning stakes in Dominion Energy, Inc. (NYSE:D) at the end of the fourth quarter. The total value of these stakes at the end of Q4 is $1.50 billion.