Ascent Wealth Partners LLC Makes New Investment in Dominion Energy, Inc. (NYSE:D)

Ascent Wealth Partners LLC bought a new stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,158 shares of the utilities provider's stock, valued at approximately $1,223,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BLB&B Advisors LLC increased its stake in Dominion Energy by 2.5% during the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider's stock valued at $417,000 after purchasing an additional 173 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Dominion Energy by 1.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider's stock valued at $535,000 after acquiring an additional 195 shares in the last quarter. Valley National Advisers Inc. raised its holdings in Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider's stock worth $122,000 after acquiring an additional 198 shares during the last quarter. Altman Advisors Inc. lifted its position in Dominion Energy by 0.7% in the 2nd quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider's stock valued at $1,423,000 after acquiring an additional 198 shares in the last quarter. Finally, Centennial Wealth Advisory LLC boosted its stake in Dominion Energy by 2.8% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 7,381 shares of the utilities provider's stock valued at $362,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Shares of D stock traded down $0.43 during trading hours on Thursday, hitting $56.64. The stock had a trading volume of 5,971,264 shares, compared to its average volume of 4,420,360. 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 stock has a market capitalization of $47.58 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.53 and a beta of 0.59. Dominion Energy, Inc. has a one year low of $43.53 and a one year high of $61.97. The stock's 50-day moving average price is $57.96 and its two-hundred day moving average price is $54.29.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) 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 company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Dominion Energy's revenue was up 3.4% on a year-over-year basis. Equities analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.71%. Dominion Energy's dividend payout ratio is presently 93.68%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on D shares. Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. BMO Capital Markets lifted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a "market perform" rating in a research report on Monday, August 5th. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They set a "hold" rating and a $58.00 price target on the stock. Scotiabank lifted their price objective on 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. upped their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $55.40.

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.