Toronto Dominion Bank reduced its stake in Dominion Energy, Inc. (NYSE:D - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 SEC filing.
Other large investors have also recently made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new position in Dominion Energy in the fourth quarter worth about $6,149,000. Sunbelt Securities Inc. increased its position in shares of Dominion Energy by 12.0% during the 4th quarter. Sunbelt Securities Inc. now owns 7,110 shares of the utilities provider's stock valued at $383,000 after purchasing an additional 761 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Dominion Energy during the 4th quarter valued at approximately $48,000. Vise Technologies Inc. raised its holdings in Dominion Energy by 33.0% during the 4th quarter. Vise Technologies Inc. now owns 18,479 shares of the utilities provider's stock valued at $995,000 after buying an additional 4,588 shares during the period. Finally, Navalign LLC bought a new stake in Dominion Energy in the fourth quarter worth $690,000. 73.04% of the stock is owned by institutional investors.
Dominion Energy Price Performance
Shares of NYSE:D traded up $0.58 during midday trading on Friday, hitting $56.60. The company had a trading volume of 9,415,713 shares, compared to its average volume of 4,556,432. The business's 50-day simple moving average is $54.26 and its 200-day simple moving average is $54.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The stock has a market cap of $48.27 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97.
Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period in the previous year, the firm earned $0.55 EPS. Dominion Energy's revenue was up 12.2% on a year-over-year basis. On average, research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.
Dominion Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's dividend payout ratio is presently 100.00%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Morgan Stanley reduced their target price on Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus upgraded shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. Finally, UBS Group upped their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One investment 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's stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of "Hold" and a consensus target price of $58.63.
Get Our Latest Research Report on Dominion Energy
About Dominion Energy
(
Free Report)
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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