Toronto Dominion Bank Sells 70,650 Shares of Dominion Energy, Inc. (NYSE:D)

Toronto Dominion Bank trimmed its position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,245 shares of the utilities provider's stock after selling 70,650 shares during the period. Toronto Dominion Bank's holdings in Dominion Energy were worth $16,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of D. Sagefield Capital LP raised its holdings in Dominion Energy by 133.1% during the 4th quarter. Sagefield Capital LP now owns 194,698 shares of the utilities provider's stock valued at $10,486,000 after buying an additional 111,165 shares during the period. Snowden Capital Advisors LLC raised its holdings in Dominion Energy by 16.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 19,183 shares of the utilities provider's stock valued at $1,033,000 after buying an additional 2,639 shares during the period. Sherbrooke Park Advisers LLC raised its holdings in Dominion Energy by 20.1% during the 4th quarter. Sherbrooke Park Advisers LLC now owns 5,467 shares of the utilities provider's stock valued at $294,000 after buying an additional 916 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in Dominion Energy by 354.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 278,991 shares of the utilities provider's stock valued at $15,026,000 after buying an additional 217,648 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Dominion Energy by 14.2% during the 4th quarter. ProShare Advisors LLC now owns 127,294 shares of the utilities provider's stock valued at $6,856,000 after buying an additional 15,831 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 1.5%

Dominion Energy stock traded down $0.84 during mid-day trading on Thursday, hitting $55.70. The company's stock had a trading volume of 5,416,025 shares, compared to its average volume of 4,507,416. The company has a 50 day moving average of $54.10 and a 200-day moving average of $55.03. The stock has a market cap of $47.50 billion, a PE ratio of 20.63, a P/E/G ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a one year low of $47.99 and a one year high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.11. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business's revenue was up 12.2% compared to the same quarter last year. On average, research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. restated an "underweight" rating and set a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Morgan Stanley decreased their price target on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, UBS Group upped their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and an average target price of $58.63.

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.