Toth Financial Advisory Corp Boosts Position in Dominion Energy, Inc. (NYSE:D)

Toth Financial Advisory Corp lifted its position in Dominion Energy, Inc. (NYSE:D) by 20.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 82,524 shares of the utilities provider’s stock after purchasing an additional 13,889 shares during the period. Toth Financial Advisory Corp’s holdings in Dominion Energy were worth $4,769,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Robinson Value Management Ltd. boosted its stake in Dominion Energy by 0.5% during the third quarter. Robinson Value Management Ltd. now owns 71,626 shares of the utilities provider’s stock valued at $4,139,000 after buying an additional 327 shares during the period. Prio Wealth Limited Partnership bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $220,000. Allspring Global Investments Holdings LLC boosted its position in shares of Dominion Energy by 0.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 247,770 shares of the utilities provider’s stock valued at $14,319,000 after acquiring an additional 1,130 shares during the last quarter. OLD National Bancorp IN grew its holdings in shares of Dominion Energy by 6.7% during the third quarter. OLD National Bancorp IN now owns 140,760 shares of the utilities provider’s stock worth $8,135,000 after purchasing an additional 8,897 shares in the last quarter. Finally, Chicago Capital LLC purchased a new stake in Dominion Energy in the third quarter valued at approximately $217,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Up 0.1 %

D traded up $0.05 on Monday, hitting $59.97. 1,307,496 shares of the company were exchanged, compared to its average volume of 4,391,156. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The firm has a fifty day simple moving average of $57.10 and a two-hundred day simple moving average of $53.36. The stock has a market capitalization of $50.23 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 1.60 and a beta of 0.60. Dominion Energy, Inc. has a 12 month low of $39.18 and a 12 month high of $60.73.

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

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 30th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.45%. The ex-dividend date was Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is 137.63%.

Analyst Ratings Changes

D has been the subject of a number of research reports. Scotiabank boosted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. upped their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets raised their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $55.40.

About Dominion Energy

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.