Avestar Capital LLC Invests $224,000 in Dominion Energy, Inc. (NYSE:D)

Avestar Capital LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,875 shares of the utilities provider’s stock, valued at approximately $224,000.

A number of other large investors also recently modified their holdings of D. Tidal Investments LLC lifted its stake in shares of Dominion Energy by 9.6% during the 1st quarter. Tidal Investments LLC now owns 35,938 shares of the utilities provider’s stock valued at $1,768,000 after buying an additional 3,138 shares in the last quarter. Comerica Bank lifted its stake in shares of Dominion Energy by 1.9% during the 1st quarter. Comerica Bank now owns 193,108 shares of the utilities provider’s stock valued at $9,499,000 after buying an additional 3,628 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of Dominion Energy during the 1st quarter valued at $218,000. LRI Investments LLC purchased a new position in shares of Dominion Energy during the 1st quarter valued at $30,000. Finally, Atria Investments Inc lifted its stake in shares of Dominion Energy by 17.1% during the 1st quarter. Atria Investments Inc now owns 110,717 shares of the utilities provider’s stock valued at $5,446,000 after buying an additional 16,160 shares in the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

D has been the topic of several research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. BMO Capital Markets boosted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Barclays boosted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.91.

Dominion Energy Price Performance

Dominion Energy stock opened at $59.70 on Friday. The stock has a market cap of $50.15 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.59 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The firm has a 50-day moving average of $58.18 and a two-hundred day moving average of $54.99.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. On average, research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.47%. Dominion Energy’s payout ratio is presently 93.68%.

Dominion Energy Company Profile

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.