Farmers & Merchants Investments Inc. reduced its stake in shares of Dominion Energy Inc. (NYSE:D) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 77,470 shares of the utilities provider’s stock after selling 100 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Dominion Energy were worth $5,937,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sheets Smith Wealth Management raised its position in Dominion Energy by 2.6% in the first quarter. Sheets Smith Wealth Management now owns 3,081 shares of the utilities provider’s stock valued at $239,000 after buying an additional 78 shares in the last quarter. Bank of Montreal Can raised its position in Dominion Energy by 6.8% in the first quarter. Bank of Montreal Can now owns 432,917 shares of the utilities provider’s stock valued at $33,581,000 after buying an additional 27,629 shares in the last quarter. Regentatlantic Capital LLC raised its position in Dominion Energy by 1.9% in the first quarter. Regentatlantic Capital LLC now owns 8,082 shares of the utilities provider’s stock valued at $627,000 after buying an additional 147 shares in the last quarter. Orrstown Financial Services Inc. raised its position in Dominion Energy by 5.6% in the first quarter. Orrstown Financial Services Inc. now owns 12,352 shares of the utilities provider’s stock valued at $958,000 after buying an additional 651 shares in the last quarter. Finally, First National Bank of Omaha raised its position in Dominion Energy by 12.3% in the first quarter. First National Bank of Omaha now owns 3,650 shares of the utilities provider’s stock valued at $283,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 66.12% of the company’s stock.

Dominion Energy Inc. (NYSE D) traded down 0.05% on Thursday, reaching $77.80. 593,618 shares of the company were exchanged. The firm has a market capitalization of $49.99 billion, a PE ratio of 22.52 and a beta of 0.28. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The stock has a 50 day moving average of $77.15 and a 200 day moving average of $77.21.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 earnings per share. Equities analysts anticipate that Dominion Energy Inc. will post $3.64 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 1st will be issued a dividend of $0.755 per share. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 dividend on an annualized basis and a yield of 3.88%. Dominion Energy’s payout ratio is 87.28%.

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Several research analysts have recently commented on D shares. Barclays PLC restated an “overweight” rating and set a $89.00 price target (up previously from $80.00) on shares of Dominion Energy in a research note on Sunday, April 23rd. Morgan Stanley dropped their price target on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the stock a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Monday, June 12th. Finally, BidaskClub lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $80.57.

About Dominion Energy

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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