Toronto Dominion Bank increased its holdings in shares of Dominion Energy Inc (NYSE:D) by 27.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 354,248 shares of the utilities provider’s stock after purchasing an additional 76,220 shares during the period. Toronto Dominion Bank owned 0.05% of Dominion Energy worth $23,881,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of D. Lee Financial Co lifted its stake in shares of Dominion Energy by 1,549.0% in the 1st quarter. Lee Financial Co now owns 1,616 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 1,518 shares during the period. We Are One Seven LLC acquired a new stake in shares of Dominion Energy in the 4th quarter worth $111,000. American Research & Management Co. lifted its stake in shares of Dominion Energy by 159.7% in the 4th quarter. American Research & Management Co. now owns 1,423 shares of the utilities provider’s stock worth $115,000 after acquiring an additional 875 shares during the period. KHP Capital LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth $137,000. Finally, Macroview Investment Management LLC acquired a new stake in shares of Dominion Energy in the 1st quarter worth $144,000. Hedge funds and other institutional investors own 67.30% of the company’s stock.
Shares of Dominion Energy opened at $64.17 on Friday, according to Marketbeat.com. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $41.76 billion, a PE ratio of 17.83, a P/E/G ratio of 2.58 and a beta of 0.27. Dominion Energy Inc has a 52-week low of $62.31 and a 52-week high of $85.30.
Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, April 27th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.11. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.48 billion. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 EPS. equities research analysts forecast that Dominion Energy Inc will post 4.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 20th. Stockholders of record on Friday, June 1st will be issued a $0.835 dividend. The ex-dividend date is Thursday, May 31st. This represents a $3.34 dividend on an annualized basis and a dividend yield of 5.20%. Dominion Energy’s dividend payout ratio is presently 92.78%.
In other Dominion Energy news, Director Joseph M. Rigby bought 2,679 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $74.65 per share, for a total transaction of $199,987.35. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Thomas F. Farrell II bought 4,000 shares of the company’s stock in a transaction on Thursday, May 10th. The shares were acquired at an average price of $63.44 per share, with a total value of $253,760.00. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.
Several research firms have recently commented on D. UBS began coverage on shares of Dominion Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $85.00 target price for the company. Hilliard Lyons upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, January 30th. Bank of America reduced their target price on shares of Dominion Energy from $80.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. JPMorgan Chase & Co. cut shares of Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 target price for the company. in a research note on Friday, March 16th. Finally, ValuEngine cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $75.67.
Dominion Energy Profile
Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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