Toronto Dominion Bank reduced its position in shares of Dominion Energy Inc (NYSE:D) by 99.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,195 shares of the utilities provider’s stock after selling 427,387 shares during the quarter. Toronto Dominion Bank’s holdings in Dominion Energy were worth $32,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of D. Prospera Financial Services Inc raised its position in shares of Dominion Energy by 34.8% in the second quarter. Prospera Financial Services Inc now owns 39,110 shares of the utilities provider’s stock valued at $3,175,000 after purchasing an additional 10,086 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Dominion Energy by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,159,406 shares of the utilities provider’s stock valued at $94,121,000 after purchasing an additional 8,120 shares during the period. Virtu Financial LLC bought a new position in shares of Dominion Energy in the second quarter valued at about $977,000. Rafferty Asset Management LLC raised its position in shares of Dominion Energy by 51.1% in the second quarter. Rafferty Asset Management LLC now owns 20,744 shares of the utilities provider’s stock valued at $1,684,000 after purchasing an additional 7,019 shares during the period. Finally, Northwest Bancshares Inc. raised its position in shares of Dominion Energy by 81.6% in the second quarter. Northwest Bancshares Inc. now owns 16,030 shares of the utilities provider’s stock valued at $1,302,000 after purchasing an additional 7,205 shares during the period. 66.38% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on D shares. Seaport Global Securities started coverage on shares of Dominion Energy in a research note on Tuesday, June 9th. They issued a “buy” rating and a $93.00 price target on the stock. Wolfe Research upgraded shares of Dominion Energy from a “peer perform” rating to an “outperform” rating and upped their price target for the company from $78.00 to $80.00 in a research note on Monday, July 13th. TheStreet downgraded shares of Dominion Energy from a “b-” rating to a “c+” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $87.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 27th. Finally, UBS Group restated a “buy” rating and issued a $92.00 price target on shares of Dominion Energy in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Dominion Energy has an average rating of “Hold” and a consensus price target of $82.06.
Shares of D stock traded down $0.15 on Thursday, reaching $77.79. The company had a trading volume of 64,151 shares, compared to its average volume of 3,459,807. The stock has a market capitalization of $65.68 billion, a PE ratio of 105.16, a price-to-earnings-growth ratio of 6.28 and a beta of 0.40. The company has a quick ratio of 0.46, a current ratio of 0.64 and a debt-to-equity ratio of 1.30. Dominion Energy Inc has a one year low of $57.79 and a one year high of $90.89. The business’s 50-day moving average is $78.87 and its 200 day moving average is $80.18.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.99 billion. Dominion Energy had a net margin of 3.77% and a return on equity of 12.09%. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. On average, sell-side analysts forecast that Dominion Energy Inc will post 3.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.76 dividend on an annualized basis and a yield of 4.83%. Dominion Energy’s dividend payout ratio (DPR) is presently 88.68%.
Dominion Energy Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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