Farmers & Merchants Investments Inc. Lowers Position in Dominion Energy Inc. $D

Farmers & Merchants Investments Inc. trimmed its holdings in shares of Dominion Energy Inc. (NYSE:D) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,710 shares of the utilities provider’s stock after selling 1,292 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Dominion Energy were worth $831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. AlphaQuest LLC purchased a new position in Dominion Energy during the first quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new stake in Dominion Energy during the 1st quarter valued at $28,000. Park Square Financial Group LLC purchased a new position in shares of Dominion Energy in the 4th quarter valued at $27,000. Dagco Inc. bought a new position in shares of Dominion Energy in the 1st quarter worth $31,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Dominion Energy in the 1st quarter worth $34,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Insider Activity

In other news, CEO Robert M. Blue acquired 4,152 shares of Dominion Energy stock in a transaction dated Wednesday, August 27th. The stock was purchased at an average cost of $60.35 per share, for a total transaction of $250,573.20. Following the completion of the purchase, the chief executive officer directly owned 161,237 shares in the company, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $59.89 on Tuesday. The company has a 50 day moving average price of $59.74 and a 200 day moving average price of $56.61. The firm has a market capitalization of $51.11 billion, a P/E ratio of 20.65, a PEG ratio of 1.30 and a beta of 0.60. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.46.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.02). Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The company had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. Sell-side analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, September 5th. Dominion Energy’s payout ratio is presently 92.07%.

Analysts Set New Price Targets

Several equities analysts have issued reports on D shares. Morgan Stanley cut their target price on Dominion Energy from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 18th. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.83.

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.