Merit Financial Group LLC Grows Stock Position in Dominion Energy, Inc. (NYSE:D)

Merit Financial Group LLC boosted its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,467 shares of the utilities provider’s stock after acquiring an additional 1,146 shares during the period. Merit Financial Group LLC’s holdings in Dominion Energy were worth $633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its stake in Dominion Energy by 82.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 21,482 shares of the utilities provider’s stock valued at $1,010,000 after purchasing an additional 9,738 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Dominion Energy by 401.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 87,405 shares of the utilities provider’s stock valued at $4,108,000 after buying an additional 69,970 shares during the period. Natixis Advisors L.P. boosted its position in Dominion Energy by 35.3% during the fourth quarter. Natixis Advisors L.P. now owns 748,409 shares of the utilities provider’s stock worth $35,175,000 after acquiring an additional 195,436 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in Dominion Energy by 5.5% during the fourth quarter. First Trust Direct Indexing L.P. now owns 19,319 shares of the utilities provider’s stock worth $908,000 after acquiring an additional 1,004 shares during the last quarter. Finally, Searle & CO. purchased a new stake in Dominion Energy in the 4th quarter worth approximately $331,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on D. StockNews.com cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. BMO Capital Markets upped their price target on Dominion Energy from $51.00 to $52.00 and gave the stock a “market perform” rating in a research note on Monday. Mizuho upped their price target on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday. Bank of America lifted their price objective on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, April 23rd. Finally, 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 research note on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average price target of $50.73.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $45.91 per share, with a total value of $997,853.85. Following the purchase, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joseph M. Rigby purchased 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The disclosure for this purchase can be found here. 0.12% of the stock is currently owned by company insiders.

Dominion Energy Stock Performance

Shares of D opened at $51.41 on Tuesday. The stock has a market capitalization of $43.06 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. Dominion Energy, Inc. has a 12-month low of $39.18 and a 12-month high of $57.27. The business’s fifty day moving average price is $48.76 and its 200 day moving average price is $46.83. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. Dominion Energy’s quarterly revenue was down 6.5% on a year-over-year basis. Equities research analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

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.