Merit Financial Group LLC Has $865,000 Stake in Dominion Energy, Inc. (NYSE:D)

Merit Financial Group LLC increased its position in shares of Dominion Energy, Inc. (NYSE:D) by 26.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,429 shares of the utilities provider’s stock after acquiring an additional 3,213 shares during the period. Merit Financial Group LLC’s holdings in Dominion Energy were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after buying an additional 3,553 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Dominion Energy by 19.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 90,128 shares of the utilities provider’s stock valued at $4,854,000 after acquiring an additional 14,692 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Dominion Energy by 8.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,086,092 shares of the utilities provider’s stock valued at $112,357,000 after purchasing an additional 165,613 shares in the last quarter. Apollon Wealth Management LLC grew its position in Dominion Energy by 18.7% in the fourth quarter. Apollon Wealth Management LLC now owns 24,204 shares of the utilities provider’s stock valued at $1,304,000 after acquiring an additional 3,809 shares during the period. Finally, Kingsview Wealth Management LLC grew its holdings in shares of Dominion Energy by 3.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 27,433 shares of the utilities provider’s stock worth $1,478,000 after purchasing an additional 787 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Down 0.3%

D stock opened at $55.81 on Monday. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The company has a market cap of $47.59 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.22 and a beta of 0.56. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average price of $54.45 and a two-hundred day moving average price of $54.90.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the prior year, the firm earned $0.55 EPS. Dominion Energy’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that Dominion Energy, Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Thursday, May 29th. Dominion Energy’s dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their price target on Dominion Energy from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. UBS Group upped their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, Argus raised Dominion Energy to a “hold” rating in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $58.63.

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.