Dominion Energy, Inc. (NYSE:D) Shares Purchased by Toth Financial Advisory Corp

Toth Financial Advisory Corp grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 31.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 53,056 shares of the utilities provider’s stock after purchasing an additional 12,594 shares during the quarter. Toth Financial Advisory Corp’s holdings in Dominion Energy were worth $2,610,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ridgewood Investments LLC lifted its position in Dominion Energy by 0.9% during the first quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock worth $1,207,000 after buying an additional 210 shares during the period. Lantz Financial LLC lifted its position in Dominion Energy by 4.0% during the first quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock worth $286,000 after buying an additional 222 shares during the period. Tyler Stone Wealth Management lifted its position in Dominion Energy by 6.3% during the third quarter. Tyler Stone Wealth Management now owns 4,224 shares of the utilities provider’s stock worth $189,000 after buying an additional 250 shares during the period. Parkside Financial Bank & Trust lifted its position in Dominion Energy by 11.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock worth $115,000 after buying an additional 259 shares during the period. Finally, Seneca House Advisors lifted its position in Dominion Energy by 2.5% during the fourth quarter. Seneca House Advisors now owns 11,127 shares of the utilities provider’s stock worth $523,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Down 1.2 %

Shares of D stock traded down $0.61 during trading hours on Friday, reaching $49.00. The company had a trading volume of 6,707,023 shares, compared to its average volume of 3,965,151. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. Dominion Energy, Inc. has a twelve month low of $39.18 and a twelve month high of $54.74. The company has a market capitalization of $41.04 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.33 and a beta of 0.60. The stock’s fifty day simple moving average is $51.64 and its 200 day simple moving average is $48.73.

Dominion Energy (NYSE:D) last posted its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a $0.6675 dividend. The ex-dividend date was Friday, May 31st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.45%. Dominion Energy’s dividend payout ratio (DPR) is currently 137.63%.

Analysts Set New Price Targets

Several research firms recently weighed in on D. Wells Fargo & Company increased their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Scotiabank dropped their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Barclays dropped their price target on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. BMO Capital Markets upped their price target on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday, May 6th. Finally, Mizuho upped their price target on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.73.

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.