5 Best Dividend Stocks to Buy According to Sculptor Capital

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

Number of Hedge Fund Holders: 27
Dividend Yield as of February 4: 3.30%
Sculptor Capital’s Stake Value: $4,358,000

Dominion Energy, Inc. (NYSE:D), an American power and energy company, was one of the latest holdings of Sculptor Capital in Q3. The hedge fund started investing in the company with a stake worth $4.3 million, which accounted for 0.03% of its 13F portfolio.

At the end of Q3 2021, 27 hedge funds tracked by Insider Monkey held stakes in Dominion Energy, Inc. (NYSE:D), up from 34 in the previous quarter. These stakes hold a consolidated value of over $545 million.

Dominion Energy, Inc. (NYSE:D) cut its dividend by 33% in 2020 due to the pandemic. However, by the end of 2021, the company announced a 6% increase in its quarterly dividend at $0.6675 per share. Though the stock’s current dividend yield of 3.30% is below the industry’s average yield, analysts believe that the payout ratio of 65% signals dividend growth in the coming years. In its January investor note, UBS appreciated the ESG-focused schemes of Dominion Energy, Inc. (NYSE:D) and lifted the stock’s price target to $98. The firm also upgraded the shares to Buy from Neutral.