Mercer Global Advisors Inc. ADV Purchases 7,867 Shares of Dominion Energy, Inc. (NYSE:D)

Mercer Global Advisors Inc. ADV lifted its holdings in Dominion Energy, Inc. (NYSE:D – Get Rating) by 14.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,296 shares of the utilities provider’s stock after purchasing an additional 7,867 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Dominion Energy were worth $3,820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in D. AIA Group Ltd increased its stake in shares of Dominion Energy by 159.2% in the fourth quarter. AIA Group Ltd now owns 6,916 shares of the utilities provider’s stock worth $424,000 after purchasing an additional 4,248 shares in the last quarter. Jump Financial LLC bought a new stake in Dominion Energy during the 3rd quarter valued at approximately $303,000. Resources Investment Advisors LLC. grew its holdings in Dominion Energy by 10.2% during the 4th quarter. Resources Investment Advisors LLC. now owns 5,563 shares of the utilities provider’s stock valued at $341,000 after buying an additional 515 shares in the last quarter. Mutual Advisors LLC grew its holdings in Dominion Energy by 182.0% during the 4th quarter. Mutual Advisors LLC now owns 25,324 shares of the utilities provider’s stock valued at $1,553,000 after buying an additional 16,343 shares in the last quarter. Finally, Pendal Group Ltd purchased a new stake in Dominion Energy during the 4th quarter valued at approximately $427,000. 70.30% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 0.5 %

NYSE:D opened at $55.19 on Monday. The firm has a market capitalization of $46.14 billion, a P/E ratio of 38.59, a PEG ratio of 0.73 and a beta of 0.43. Dominion Energy, Inc. has a 1-year low of $52.03 and a 1-year high of $86.28. The company’s fifty day moving average price is $56.10 and its 200-day moving average price is $59.22. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.75 and a quick ratio of 0.60.

Dominion Energy (NYSE:D – Get Rating) last announced its quarterly earnings results on Friday, May 5th. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $4.46 billion. Dominion Energy had a net margin of 7.05% and a return on equity of 12.67%. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.18 earnings per share. As a group, equities research analysts anticipate that Dominion Energy, Inc. will post 3.85 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.84%. Dominion Energy’s dividend payout ratio is currently 186.71%.

Analyst Ratings Changes

D has been the subject of a number of research reports. Wells Fargo & Company increased their target price on Dominion Energy from $64.00 to $66.00 and gave the company an “equal weight” rating in a research report on Monday, January 30th. Mizuho reduced their target price on shares of Dominion Energy from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Monday, February 27th. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a research report on Friday. Morgan Stanley raised their price objective on Dominion Energy from $58.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, April 20th. Finally, BMO Capital Markets lowered their price objective on Dominion Energy from $66.00 to $61.00 and set an “outperform” rating for the company in a research note on Monday, February 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.18.

Dominion Energy Company Profile

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Dominion Energy, Inc engages in the production and distribution of energy. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other. The Corporate and Other segment focuses on corporate, service company, non-controlling interest in Dominion privatization, and non-regulated retail energy marketing operations.