5 Best Utility Stocks to Buy According to Financial Media

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

Number of Hedge Fund Holders: 26 

Number of Times Stock Appeared in Top Picks of Financial Media: 5

Dominion Energy, Inc. (NYSE:D) produces and distributes energy. On December 20, investment advisory Mizuho maintained a Neutral rating on Dominion Energy, Inc. (NYSE:D) stock and raised the price target to $49 from $45. 

Among the hedge funds being tracked by Insider Monkey, Ohio-based investment firm Diamond Hill Capital is a leading shareholder in Dominion Energy, Inc. (NYSE:D) with 3.9 million shares worth more than $178 million. 

At the end of the third quarter of 2023, 26 hedge funds in the database of Insider Monkey held stakes worth $362 million in Dominion Energy, Inc. (NYSE:D), compared to 25 in the previous quarter worth $431 million.