Toronto Dominion Bank Sells 9,604 Shares of Dominion Energy, Inc. (NYSE:D)

Toronto Dominion Bank trimmed its position in Dominion Energy, Inc. (NYSE:D) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 261,797 shares of the utilities provider’s stock after selling 9,604 shares during the quarter. Toronto Dominion Bank’s holdings in Dominion Energy were worth $12,828,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in D. Caprock Group LLC boosted its stake in shares of Dominion Energy by 133.0% in the 2nd quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares in the last quarter. SG Americas Securities LLC lifted its stake in Dominion Energy by 105.0% in the 1st quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after purchasing an additional 49,740 shares during the last quarter. Wedmont Private Capital boosted its position in Dominion Energy by 14.1% in the first quarter. Wedmont Private Capital now owns 4,822 shares of the utilities provider’s stock valued at $239,000 after buying an additional 596 shares in the last quarter. Vinva Investment Management Ltd grew its stake in shares of Dominion Energy by 27.0% during the fourth quarter. Vinva Investment Management Ltd now owns 6,818 shares of the utilities provider’s stock worth $321,000 after buying an additional 1,451 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Dominion Energy during the first quarter worth $708,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Price Performance

Shares of NYSE D opened at $57.16 on Friday. The company has a market capitalization of $47.88 billion, a PE ratio of 29.46, a P/E/G ratio of 1.53 and a beta of 0.60. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $58.94. The firm has a fifty day simple moving average of $55.81 and a 200 day simple moving average of $52.29.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, sell-side analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Friday, August 30th. Dominion Energy’s payout ratio is 137.63%.

Analysts Set New Price Targets

D has been the topic of a number of research reports. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets boosted their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, Scotiabank raised their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.50.

Dominion Energy Profile

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.