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

Toth Financial Advisory Corp grew its stake in shares of Dominion Energy, Inc. (NYSE:D) by 24.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,623 shares of the utilities provider’s stock after purchasing an additional 20,099 shares during the quarter. Toth Financial Advisory Corp’s holdings in Dominion Energy were worth $5,527,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its holdings in Dominion Energy by 22.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after acquiring an additional 12,890 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock valued at $298,481,000 after purchasing an additional 43,055 shares in the last quarter. Ascent Wealth Partners LLC purchased a new position in Dominion Energy during the third quarter valued at approximately $1,223,000. Hotchkis & Wiley Capital Management LLC raised its stake in Dominion Energy by 63.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after buying an additional 3,278,175 shares in the last quarter. Finally, Barclays PLC boosted its position in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock valued at $141,739,000 after acquiring an additional 404,868 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

Shares of D opened at $53.48 on Friday. The company has a market capitalization of $44.93 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.15 and a beta of 0.60. The business’s 50-day moving average is $55.20 and its two-hundred day moving average is $55.89. 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) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the business earned $0.77 earnings per share. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. Research analysts predict that Dominion Energy, Inc. will post 2.76 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Analysts Set New Price Targets

Several equities analysts have issued reports on D shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. 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 on the stock. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Company 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.