TD Private Client Wealth LLC Sells 23,034 Shares of Dominion Energy, Inc. (NYSE:D)

TD Private Client Wealth LLC trimmed its stake in shares of Dominion Energy, Inc. (NYSE:D) by 73.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,158 shares of the utilities provider’s stock after selling 23,034 shares during the quarter. TD Private Client Wealth LLC’s holdings in Dominion Energy were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of D. Cape Investment Advisory Inc. increased its position in shares of Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy during the fourth quarter worth about $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the fourth quarter worth approximately $27,000. Fairway Wealth LLC bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of Dominion Energy by 100.4% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 519 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 260 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Down 0.5 %

NYSE:D opened at $54.29 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 12-month low of $46.56 and a 12-month high of $61.97. The stock’s fifty day simple moving average is $55.21 and its 200-day simple moving average is $56.27. The firm has a market capitalization of $46.26 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Equities research analysts expect that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 28th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.92%. Dominion Energy’s dividend payout ratio is 98.89%.

Wall Street Analysts Forecast Growth

D has been the subject of several research analyst reports. Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. UBS Group raised their price objective on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Morgan Stanley upped their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Twelve investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and an average target price of $57.58.

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.