Toronto Dominion Bank raised its stake in Dominion Energy Inc. (NYSE:D) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 244,053 shares of the utilities provider’s stock after buying an additional 30,108 shares during the quarter. Toronto Dominion Bank’s holdings in Dominion Energy were worth $18,772,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after acquiring an additional 44,293,566 shares in the last quarter. Vanguard Group Inc. grew its position in Dominion Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after acquiring an additional 1,194,152 shares in the last quarter. Wellington Management Group LLP grew its position in Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock worth $2,371,472,000 after acquiring an additional 790,484 shares in the last quarter. Federated Investors Inc. PA grew its position in Dominion Energy by 5.4% in the second quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock worth $687,216,000 after acquiring an additional 461,484 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Dominion Energy by 24.7% in the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after acquiring an additional 1,209,768 shares in the last quarter. Hedge funds and other institutional investors own 64.27% of the company’s stock.
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In other Dominion Energy news, Director John W. Harris sold 5,616 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the sale, the director now owns 18,920 shares in the company, valued at approximately $1,527,033.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.37% of the company’s stock.
Several analysts recently issued reports on D shares. National Bank Financial downgraded shares of Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a report on Wednesday, October 4th. Citigroup Inc. upped their price objective on shares of Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Deutsche Bank AG upped their price objective on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $77.00 price objective on shares of Dominion Energy in a report on Monday, August 21st. Fifteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy presently has an average rating of “Hold” and an average target price of $80.70.
Shares of Dominion Energy Inc. (NYSE:D) traded up $0.95 during mid-day trading on Monday, hitting $81.76. 942,372 shares of the stock were exchanged, compared to its average volume of 2,348,881. Dominion Energy Inc. has a 52 week low of $69.51 and a 52 week high of $82.13. The firm has a market cap of $52,640.00, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.92 and a beta of 0.29. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last announced its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $1.14 EPS. research analysts forecast that Dominion Energy Inc. will post 3.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.77%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio (DPR) is 89.09%.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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