First Merchants Corp Acquires 575 Shares of Dominion Energy, Inc. (NYSE:D)

First Merchants Corp boosted its stake in Dominion Energy, Inc. (NYSE:D) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,014 shares of the utilities provider’s stock after acquiring an additional 575 shares during the period. First Merchants Corp’s holdings in Dominion Energy were worth $378,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Roble Belko & Company Inc bought a new position in shares of Dominion Energy during the 4th quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Dominion Energy during the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy during the 3rd quarter valued at $32,000. Dunhill Financial LLC grew its holdings in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 487 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley assumed coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Finally, Scotiabank increased their price target 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.58.

Dominion Energy Stock Down 2.0 %

D stock opened at $55.58 on Friday. 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 $44.17 and a fifty-two week high of $61.97. The firm has a market capitalization of $46.68 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.18 and a beta of 0.61. The company’s 50 day moving average price is $54.43 and its 200 day moving average price is $56.27.

Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. On average, equities research analysts anticipate that Dominion Energy, Inc. will post 2.76 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.80%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is currently 93.68%.

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.