TD Private Client Wealth LLC Trims Stake in Dominion Energy, Inc. (NYSE:D)

TD Private Client Wealth LLC reduced its stake in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 39.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,192 shares of the utilities provider's stock after selling 20,000 shares during the quarter. TD Private Client Wealth LLC's holdings in Dominion Energy were worth $1,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in Dominion Energy during the 2nd quarter worth approximately $27,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the third quarter worth $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Dominion Energy during the third quarter worth $32,000. Triad Wealth Partners LLC acquired a new stake in shares of Dominion Energy in the second quarter valued at $33,000. Finally, Dunhill Financial LLC raised its holdings in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock valued at $33,000 after buying an additional 487 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Stock Up 0.4 %

Shares of NYSE D traded up $0.21 during trading on Friday, hitting $54.04. 2,985,249 shares of the company traded hands, compared to its average volume of 4,466,253. The firm has a market capitalization of $45.39 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.45 and a beta of 0.59. The business's fifty day moving average is $57.86 and its 200 day moving average is $55.19. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. Dominion Energy's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. Equities research analysts predict that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's dividend payout ratio (DPR) is presently 93.68%.

Analyst Upgrades and Downgrades

D has been the subject of a number of analyst reports. Scotiabank lifted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday. Barclays increased 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. The Goldman Sachs Group reissued a "neutral" rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Jefferies Financial Group started coverage on Dominion Energy in a research report on Friday, September 20th. They issued a "hold" rating and a $58.00 target price on the stock. Finally, Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price target for the company. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has an average rating of "Hold" and an average price target of $56.58.

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.