Mercer Global Advisors Inc. ADV Has $2.96 Million Holdings in Dominion Energy, Inc. (NYSE:D)

Mercer Global Advisors Inc. ADV reduced its holdings in shares of Dominion Energy, Inc. (NYSE:D - Free Report) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,012 shares of the utilities provider's stock after selling 12,847 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Dominion Energy were worth $2,963,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Cape Investment Advisory Inc. raised its stake in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Dominion Energy by 450.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock valued at $25,000 after buying an additional 378 shares in the last quarter. BankPlus Trust Department bought a new position in Dominion Energy during the 4th quarter worth approximately $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy in the 4th quarter worth approximately $27,000. Finally, Fairway Wealth LLC bought a new stake in shares of Dominion Energy in the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Performance

Shares of D traded up $0.10 during trading hours on Friday, reaching $55.10. 3,312,233 shares of the company's stock traded hands, compared to its average volume of 4,404,274. Dominion Energy, Inc. has a twelve month low of $47.99 and a twelve month high of $61.97. The business's fifty day simple moving average is $53.94 and its two-hundred day simple moving average is $55.27. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market capitalization of $46.99 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, topping 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 the consensus estimate of $3.95 billion. During the same period in the previous year, the firm earned $0.55 EPS. Dominion Energy's revenue was up 12.2% on a year-over-year basis. Analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Wall Street Analyst Weigh In

Several analysts have weighed in on D shares. Morgan Stanley boosted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. UBS Group raised their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $58.22.

Dominion Energy 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.