Aaron Wealth Advisors LLC Invests $233,000 in Dominion Energy, Inc. (NYSE:D)

Aaron Wealth Advisors LLC purchased a new position in shares of Dominion Energy, Inc. (NYSE:D) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 4,039 shares of the utilities provider’s stock, valued at approximately $233,000.

Other large investors also recently made changes to their positions in the company. Wedmont Private Capital lifted its position in shares of Dominion Energy by 14.1% during the 1st quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock worth $239,000 after purchasing an additional 596 shares during the last quarter. Ballentine Partners LLC raised its holdings in Dominion Energy by 6.8% in the 1st quarter. Ballentine Partners LLC now owns 12,030 shares of the utilities provider’s stock valued at $592,000 after acquiring an additional 762 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in Dominion Energy by 25.8% in the 1st quarter. AdvisorNet Financial Inc now owns 3,992 shares of the utilities provider’s stock valued at $196,000 after acquiring an additional 819 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its holdings in Dominion Energy by 4.5% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 7,504 shares of the utilities provider’s stock valued at $368,000 after acquiring an additional 320 shares in the last quarter. Finally, Strategic Planning Group LLC raised its holdings in Dominion Energy by 20.2% in the 1st quarter. Strategic Planning Group LLC now owns 26,322 shares of the utilities provider’s stock valued at $1,295,000 after acquiring an additional 4,424 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

Shares of NYSE:D opened at $59.92 on Monday. The company has a market capitalization of $50.19 billion, a price-to-earnings ratio of 30.89, a P/E/G ratio of 1.60 and a beta of 0.60. The firm’s 50 day simple moving average is $57.10 and its 200 day simple moving average is $53.36. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $60.73.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. Dominion Energy’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. As a group, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.46%. Dominion Energy’s payout ratio is 137.63%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on D shares. BMO Capital Markets upped their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Scotiabank lifted their price objective on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Barclays boosted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $55.40.

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.