Avestar Capital LLC Purchases 628 Shares of Dominion Energy, Inc. (NYSE:D)

Avestar Capital LLC increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,503 shares of the utilities provider’s stock after buying an additional 628 shares during the period. Avestar Capital LLC’s holdings in Dominion Energy were worth $243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in Dominion Energy in the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy during the 3rd quarter worth approximately $32,000. Dunhill Financial LLC grew its position in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of D stock opened at $55.58 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a 50-day moving average of $54.42 and a 200-day moving average of $56.29. Dominion Energy, Inc. has a one year low of $44.17 and a one year high of $61.97. The company has a market cap of $46.68 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.18 and a beta of 0.61.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.80%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analyst Ratings Changes

A number of research firms have commented on D. Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.58.

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.