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

TD Private Client Wealth LLC reduced its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 73.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,158 shares of the utilities provider's stock after selling 23,034 shares during the quarter. TD Private Client Wealth LLC's holdings in Dominion Energy were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC grew its position in shares of Dominion Energy by 63.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock valued at $487,567,000 after purchasing an additional 3,278,175 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Dominion Energy by 10,324.8% in the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider's stock worth $130,074,000 after acquiring an additional 2,229,220 shares during the period. State Street Corp grew its stake in Dominion Energy by 3.2% in the third quarter. State Street Corp now owns 44,297,832 shares of the utilities provider's stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares during the period. Raymond James Financial Inc. purchased a new position in Dominion Energy during the fourth quarter valued at $71,409,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Dominion Energy by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,620,242 shares of the utilities provider's stock valued at $1,653,964,000 after buying an additional 1,222,688 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Argus upgraded Dominion Energy to a "hold" rating in a report on Tuesday. UBS Group increased their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their price target on Dominion Energy from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Finally, Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Thirteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $57.58.

Dominion Energy Price Performance

Shares of NYSE:D traded up $0.51 on Friday, reaching $54.98. The company's stock had a trading volume of 3,830,061 shares, compared to its average volume of 4,213,963. Dominion Energy, Inc. has a 52-week low of $46.62 and a 52-week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a 50-day simple moving average of $55.18 and a 200 day simple moving average of $56.21. The company has a market cap of $46.85 billion, a P/E ratio of 20.36, a PEG ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last released its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.86%. Dominion Energy's payout ratio is currently 98.89%.

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.