Dominion Energy, Inc. (NYSE:D) Shares Sold by First Merchants Corp

First Merchants Corp reduced its position in shares of Dominion Energy, Inc. (NYSE:D) by 32.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,579 shares of the utilities provider’s stock after selling 2,645 shares during the period. First Merchants Corp’s holdings in Dominion Energy were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of D. International Assets Investment Management LLC raised its holdings in Dominion Energy by 1,797.9% in the 4th quarter. International Assets Investment Management LLC now owns 165,917 shares of the utilities provider’s stock valued at $7,798,000 after buying an additional 157,175 shares during the period. abrdn plc increased its position in shares of Dominion Energy by 72.6% during the fourth quarter. abrdn plc now owns 344,173 shares of the utilities provider’s stock valued at $16,176,000 after acquiring an additional 144,761 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Dominion Energy by 11.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,455 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 259 shares during the period. GAMMA Investing LLC acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $306,000. Finally, South Dakota Investment Council boosted its position in shares of Dominion Energy by 4.3% during the 4th quarter. South Dakota Investment Council now owns 31,724 shares of the utilities provider’s stock worth $1,491,000 after purchasing an additional 1,300 shares during the period. 73.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Bank of America upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $43.00 to $54.00 in a research note on Friday, May 10th. Wells Fargo & Company raised their target price on Dominion Energy from $51.00 to $55.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. StockNews.com raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Mizuho upped their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $54.00.

Dominion Energy Stock Up 0.1 %

NYSE D traded up $0.03 on Friday, hitting $56.47. 2,021,702 shares of the stock were exchanged, compared to its average volume of 3,618,523. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $57.60. The company has a 50-day moving average price of $52.18 and a 200-day moving average price of $50.42. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a market cap of $47.37 billion, a PE ratio of 29.11, a PEG ratio of 1.51 and a beta of 0.58.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Dominion Energy, Inc. will post 2.75 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Friday, August 30th. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

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.