Toth Financial Advisory Corp Grows Stake in Dominion Energy, Inc. (NYSE:D)

Toth Financial Advisory Corp boosted its stake in Dominion Energy, Inc. (NYSE:D) by 24.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 102,623 shares of the utilities provider’s stock after buying 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 reporting period.

Several other institutional investors also recently bought and sold shares of D. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Dominion Energy in the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC purchased a new position in Dominion Energy in the 3rd quarter worth approximately $32,000. Dunhill Financial LLC boosted its holdings in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 449 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Performance

NYSE:D opened at $53.48 on Friday. The stock has a market capitalization of $44.93 billion, a P/E ratio of 18.77, a PEG ratio of 1.15 and a beta of 0.60. 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. The company has a 50 day moving average price of $55.20 and a 200 day moving average price of $55.89.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Equities research analysts forecast that Dominion Energy, Inc. will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend was Friday, November 29th. Dominion Energy’s payout ratio is currently 93.68%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Barclays boosted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Scotiabank lifted 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, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price 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.