Toronto Dominion Bank Decreases Position in Dominion Energy Inc (NYSE:D)

Toronto Dominion Bank decreased its holdings in Dominion Energy Inc (NYSE:D) by 7.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 395,871 shares of the utilities provider’s stock after selling 32,711 shares during the quarter. Toronto Dominion Bank’s holdings in Dominion Energy were worth $32,137,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Dominion Energy by 0.8% in the second quarter. Vanguard Group Inc. now owns 71,089,568 shares of the utilities provider’s stock valued at $5,771,051,000 after purchasing an additional 541,649 shares during the period. State Street Corp raised its position in Dominion Energy by 1.6% in the 1st quarter. State Street Corp now owns 45,308,353 shares of the utilities provider’s stock valued at $3,270,810,000 after purchasing an additional 712,601 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Dominion Energy by 3.0% in the 1st quarter. Wellington Management Group LLP now owns 30,599,455 shares of the utilities provider’s stock valued at $2,208,975,000 after buying an additional 892,983 shares during the period. Geode Capital Management LLC grew its position in shares of Dominion Energy by 3.4% during the first quarter. Geode Capital Management LLC now owns 12,322,513 shares of the utilities provider’s stock worth $889,340,000 after buying an additional 403,206 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Dominion Energy by 3.6% during the first quarter. Legal & General Group Plc now owns 7,919,466 shares of the utilities provider’s stock worth $571,978,000 after buying an additional 275,711 shares during the period. 66.53% of the stock is currently owned by institutional investors and hedge funds.

D has been the topic of a number of recent analyst reports. Seaport Global Securities initiated coverage on shares of Dominion Energy in a research report on Tuesday, June 9th. They issued a “buy” rating and a $93.00 price objective on the stock. Mizuho downgraded Dominion Energy from a “neutral” rating to an “underperform” rating and set a $68.00 price target for the company. in a report on Tuesday, July 7th. Scotiabank increased their price objective on Dominion Energy from $84.00 to $86.00 and gave the company a “sector perform” rating in a report on Tuesday, July 7th. KeyCorp cut Dominion Energy to a “hold” rating in a research note on Monday, August 17th. Finally, Wolfe Research raised 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 report on Monday, July 13th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Dominion Energy presently has an average rating of “Hold” and an average target price of $82.00.

Shares of D traded up $0.71 during mid-day trading on Wednesday, reaching $81.61. 173,738 shares of the company’s stock were exchanged, compared to its average volume of 4,064,586. The business’s fifty day simple moving average is $79.32 and its 200-day simple moving average is $79.09. The stock has a market capitalization of $67.97 billion, a PE ratio of 110.28, a price-to-earnings-growth ratio of 6.24 and a beta of 0.37. Dominion Energy Inc has a 52-week low of $57.79 and a 52-week high of $90.89. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.64 and a quick ratio of 0.46.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. Dominion Energy had a net margin of 3.77% and a return on equity of 12.09%. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the prior year, the business earned $0.77 EPS. Dominion Energy’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities research analysts predict that Dominion Energy Inc will post 3.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.94 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.76 annualized dividend and a dividend yield of 4.61%. Dominion Energy’s dividend payout ratio (DPR) is 88.68%.

In other Dominion Energy news, CEO Thomas F. Farrell II sold 50,000 shares of Dominion Energy stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $80.63, for a total value of $4,031,500.00. Following the transaction, the chief executive officer now directly owns 1,101,044 shares in the company, valued at approximately $88,777,177.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.26% of the company’s stock.

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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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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