Toth Financial Advisory Corp Buys 12,594 Shares of Dominion Energy, Inc. (NYSE:D)

Toth Financial Advisory Corp boosted its stake in Dominion Energy, Inc. (NYSE:D) by 31.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,056 shares of the utilities provider’s stock after acquiring 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.

Several other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in Dominion Energy by 631.2% during the 3rd quarter. Wellington Management Group LLP now owns 16,339,785 shares of the utilities provider’s stock worth $729,898,000 after buying an additional 14,105,237 shares in the last quarter. Capital Research Global Investors lifted its position in Dominion Energy by 136.5% during the 4th quarter. Capital Research Global Investors now owns 17,970,856 shares of the utilities provider’s stock worth $844,630,000 after buying an additional 10,370,768 shares in the last quarter. Norges Bank bought a new stake in Dominion Energy during the 4th quarter worth about $329,792,000. ClearBridge Investments Ltd acquired a new position in shares of Dominion Energy during the 4th quarter worth about $214,220,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Dominion Energy by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,394,919 shares of the utilities provider’s stock worth $1,045,051,000 after purchasing an additional 1,928,823 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Price Performance

NYSE:D traded down $0.61 on Friday, hitting $49.00. The company had a trading volume of 6,707,023 shares, compared to its average volume of 3,965,151. The stock has a market capitalization of $41.04 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.33 and a beta of 0.60. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The firm has a 50 day moving average of $51.64 and a two-hundred day moving average of $48.73. Dominion Energy, Inc. has a 52 week low of $39.18 and a 52 week high of $54.74.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. On average, research analysts anticipate that Dominion Energy, Inc. will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on D shares. Wells Fargo & Company boosted their price objective on shares of Dominion Energy from $51.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Barclays decreased their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Evercore ISI upped their price target on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Finally, Mizuho upped their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.73.

About Dominion Energy

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.