Toronto Dominion Bank Buys 109,098 Shares of Dominion Energy, Inc. (NYSE:D)

Toronto Dominion Bank grew its position in Dominion Energy, Inc. (NYSE:D - Free Report) by 41.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 370,895 shares of the utilities provider's stock after purchasing an additional 109,098 shares during the quarter. Toronto Dominion Bank's holdings in Dominion Energy were worth $21,434,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Dynamic Advisor Solutions LLC increased its stake in shares of Dominion Energy by 8.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,428 shares of the utilities provider's stock valued at $315,000 after acquiring an additional 491 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Dominion Energy by 3.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 113,639 shares of the utilities provider's stock valued at $5,568,000 after purchasing an additional 3,990 shares during the period. ORG Partners LLC boosted its position in shares of Dominion Energy by 154.1% during the 2nd quarter. ORG Partners LLC now owns 1,418 shares of the utilities provider's stock worth $68,000 after purchasing an additional 860 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of Dominion Energy by 8.6% in the 2nd quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider's stock valued at $122,000 after buying an additional 198 shares during the period. Finally, Triad Wealth Partners LLC bought a new stake in Dominion Energy in the 2nd quarter valued at about $33,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 0.4 %

NYSE:D traded up $0.21 during midday trading on Friday, reaching $54.04. 2,985,249 shares of the stock traded hands, compared to its average volume of 4,466,253. The stock has a market capitalization of $45.39 billion, a P/E ratio of 18.89, a PEG ratio of 1.45 and a beta of 0.59. 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 fifty day moving average of $57.86 and a 200 day moving average of $55.19. Dominion Energy, Inc. has a 12 month low of $43.53 and a 12 month high of $61.97.

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

Dominion Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on D. Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 target price on the stock. Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a research note on Thursday. 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. Barclays boosted their price target on shares of 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 began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of "Hold" and a consensus 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.