TD Private Client Wealth LLC Buys 6,136 Shares of Dominion Energy Inc. $D

Key Points

• TD Private Client Wealth LLC raised its stake in Dominion Energy Inc. by 72.1%, acquiring an additional 6,136 shares, bringing their total to 14,646 shares valued at approximately $828,000.
• Dominion Energy recently reported a quarterly EPS of $0.75, which was below analysts’ estimates of $0.77, though revenue for the quarter rose 9.3% year-over-year to $3.81 billion.
• The firm also declared a quarterly dividend of $0.6675 per share, with a yield of 4.4%, highlighting a high dividend payout ratio of 92.07%.

TD Private Client Wealth LLC increased its stake in Dominion Energy Inc. (NYSE:D - Free Report) by 72.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,646 shares of the utilities provider's stock after purchasing an additional 6,136 shares during the period. TD Private Client Wealth LLC's holdings in Dominion Energy were worth $828,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Dominion Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 91,079,415 shares of the utilities provider's stock valued at $5,106,823,000 after buying an additional 1,565,459 shares during the period. Dodge & Cox boosted its position in shares of Dominion Energy by 3.0% during the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider's stock worth $1,306,901,000 after acquiring an additional 685,245 shares in the last quarter. Wellington Management Group LLP increased its stake in Dominion Energy by 19.4% in the first quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider's stock valued at $994,917,000 after acquiring an additional 2,882,252 shares during the last quarter. Bank of New York Mellon Corp raised its position in Dominion Energy by 6.3% during the first quarter. Bank of New York Mellon Corp now owns 15,878,683 shares of the utilities provider's stock valued at $890,318,000 after purchasing an additional 939,835 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Dominion Energy by 12.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider's stock worth $790,092,000 after purchasing an additional 1,552,985 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Up 1.1%

Shares of D opened at $60.35 on Friday. 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 52 week low of $48.07 and a 52 week high of $62.46. The stock has a market capitalization of $51.50 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.29 and a beta of 0.60. The stock has a fifty day moving average of $59.99 and a 200-day moving average of $56.73.

Dominion Energy (NYSE:D - Get Free Report) last issued its earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.Dominion Energy's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. As a group, sell-side analysts anticipate that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, September 20th. Investors of record on Friday, September 5th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is currently 92.07%.

Insiders Place Their Bets

In other Dominion Energy news, CEO Robert M. Blue purchased 4,152 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares in the company, valued at $9,730,652.95. The trade was a 2.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

D has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research note on Thursday, August 21st. Morgan Stanley decreased their target price on Dominion Energy from $64.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Thursday. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $60.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.