Mercer Global Advisors Inc. ADV Purchases 500 Shares of Dominion Energy, Inc. (NYSE:D)

Mercer Global Advisors Inc. ADV increased its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,153 shares of the utilities provider’s stock after acquiring an additional 500 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Dominion Energy were worth $2,898,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in D. Family Firm Inc. bought a new stake in shares of Dominion Energy during the 2nd quarter valued at $27,000. Rise Advisors LLC bought a new position in Dominion Energy during the first quarter worth about $30,000. LRI Investments LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth about $30,000. Triad Wealth Partners LLC bought a new stake in shares of Dominion Energy in the 2nd quarter valued at about $33,000. Finally, Opal Wealth Advisors LLC bought a new position in Dominion Energy during the 2nd quarter worth approximately $35,000. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.8 %

D stock opened at $57.93 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78. The stock has a market capitalization of $48.52 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.57 and a beta of 0.60. Dominion Energy, Inc. has a fifty-two week low of $39.18 and a fifty-two week high of $58.94. The business has a 50-day moving average of $55.23 and a 200-day moving average of $52.02.

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

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 30th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.67 annualized dividend and a yield of 4.61%. Dominion Energy’s payout ratio is currently 137.63%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on D shares. Scotiabank upped their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, Jefferies Financial Group started coverage on Dominion Energy in a report on Friday. They issued a “hold” rating and a $58.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.50.

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.