First Merchants Corp raised its holdings in Dominion Energy Inc (NYSE:D) by 11.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,687 shares of the utilities provider’s stock after buying an additional 1,440 shares during the period. First Merchants Corp’s holdings in Dominion Energy were worth $1,049,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc boosted its stake in shares of Dominion Energy by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock worth $3,505,778,000 after acquiring an additional 825,191 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Dominion Energy by 2.2% during the 4th quarter. BlackRock Inc. now owns 47,209,637 shares of the utilities provider’s stock worth $3,373,599,000 after acquiring an additional 1,032,107 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Dominion Energy by 34.0% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock worth $1,069,671,000 after purchasing an additional 3,801,740 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Dominion Energy by 23.1% during the 4th quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock worth $646,097,000 after purchasing an additional 1,697,619 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Dominion Energy by 7.9% during the 4th quarter. Northern Trust Corp now owns 8,392,621 shares of the utilities provider’s stock worth $599,737,000 after purchasing an additional 613,093 shares during the last quarter. Institutional investors own 59.38% of the company’s stock.
Shares of D stock traded up $0.60 on Wednesday, reaching $77.33. 2,746,078 shares of the stock were exchanged, compared to its average volume of 4,300,377. The company has a market cap of $61.57 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 3.70 and a beta of 0.23. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 1.35. Dominion Energy Inc has a 1-year low of $61.53 and a 1-year high of $77.91.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.84 billion. Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. As a group, analysts expect that Dominion Energy Inc will post 4.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be given a dividend of $0.9175 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.67 dividend on an annualized basis and a yield of 4.75%. Dominion Energy’s dividend payout ratio (DPR) is 90.62%.
D has been the subject of several research reports. JPMorgan Chase & Co. downgraded Dominion Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $79.00 to $73.00 in a research report on Tuesday, January 22nd. Zacks Investment Research downgraded Dominion Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 18th. Argus restated a “buy” rating on shares of Dominion Energy in a research report on Wednesday, February 27th. Mizuho initiated coverage on Dominion Energy in a research report on Monday, March 11th. They set a “neutral” rating and a $76.00 price objective for the company. Finally, Macquarie downgraded Dominion Energy from an “outperform” rating to a “neutral” rating in a research report on Monday, March 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $85.00.
In other Dominion Energy news, Director D Maybank Hagood purchased 1,965 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $76.34 per share, with a total value of $150,008.10. Following the transaction, the director now owns 2,975 shares in the company, valued at $227,111.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $76.01, for a total transaction of $92,352.15. Following the completion of the transaction, the director now directly owns 23,598 shares of the company’s stock, valued at $1,793,683.98. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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