Ashton Thomas Securities LLC Takes $67,000 Position in Dominion Energy, Inc. (NYSE:D)

Ashton Thomas Securities LLC acquired a new stake in Dominion Energy, Inc. (NYSE:D) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,155 shares of the utilities provider’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC raised its holdings in Dominion Energy by 27.0% in the first quarter. Empowered Funds LLC now owns 11,313 shares of the utilities provider’s stock valued at $556,000 after acquiring an additional 2,406 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in Dominion Energy by 31.4% in the first quarter. Atomi Financial Group Inc. now owns 6,053 shares of the utilities provider’s stock valued at $298,000 after acquiring an additional 1,445 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in Dominion Energy in the first quarter valued at approximately $272,000. Bleakley Financial Group LLC raised its holdings in Dominion Energy by 6.4% in the first quarter. Bleakley Financial Group LLC now owns 23,639 shares of the utilities provider’s stock valued at $1,163,000 after acquiring an additional 1,425 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Dominion Energy by 15.2% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 101,086 shares of the utilities provider’s stock valued at $4,972,000 after acquiring an additional 13,336 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 a number of research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Scotiabank raised their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average price target of $55.91.

Dominion Energy Stock Performance

NYSE:D opened at $57.03 on Wednesday. The firm’s fifty day moving average price is $58.06 and its 200 day moving average price is $54.45. Dominion Energy, Inc. has a 1-year low of $43.53 and a 1-year high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.78. The firm has a market cap of $47.91 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59.

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

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors 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 dividend on an annualized basis and a yield of 4.68%. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Dominion Energy 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.