TD Asset Management Inc Has $17.25 Million Stake in Dominion Energy Inc. $D

Key Points

• TD Asset Management Inc increased its stake in Dominion Energy by 3.5%, owning 305,202 shares valued at $17.25 million at the latest quarter's end.
• CEO Robert M. Blue purchased 4,152 shares of Dominion Energy, increasing his ownership to approximately $9.73 million in stock.
• Analysts have varying views on Dominion Energy's stock, with price targets ranging from $56.00 to $67.00 and an average hold rating.

TD Asset Management Inc boosted its holdings in Dominion Energy Inc. (NYSE:D - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 305,202 shares of the utilities provider's stock after purchasing an additional 10,449 shares during the quarter. TD Asset Management Inc's holdings in Dominion Energy were worth $17,250,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. AlphaQuest LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth about $27,000. VSM Wealth Advisory LLC bought a new stake in Dominion Energy during the 1st quarter worth approximately $28,000. Dagco Inc. purchased a new stake in shares of Dominion Energy in the first quarter worth approximately $31,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Dominion Energy in the first quarter valued at approximately $34,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Dominion Energy during the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Insider Transactions at Dominion Energy

In other news, CEO Robert M. Blue bought 4,152 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was acquired at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the transaction, the chief executive officer directly owned 161,237 shares of the company's stock, valued at $9,730,652.95. This represents a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on D. Barclays increased their price target on Dominion Energy from $60.00 to $63.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a "hold (c+)" rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Morgan Stanley reduced their price objective on shares of Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. Finally, Evercore ISI initiated coverage on Dominion Energy in a report on Tuesday, October 7th. They issued an "in-line" rating and a $67.00 target price for the company. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $62.00.

Dominion Energy Price Performance

Shares of NYSE:D opened at $60.58 on Friday. The company has a market capitalization of $51.70 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. The company's 50-day moving average is $60.44 and its 200 day moving average is $57.40. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. Dominion Energy Inc. has a fifty-two week low of $48.07 and a fifty-two week high of $62.52.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02). The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities research analysts forecast that Dominion Energy Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, September 5th. Dominion Energy's dividend payout ratio is 92.07%.

About Dominion Energy

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.

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