Farmers & Merchants Investments Inc. Lowers Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Farmers & Merchants Investments Inc. lowered its holdings in Dominion Energy, Inc. (NYSE:D) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,851 shares of the utilities provider’s stock after selling 2,313 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Dominion Energy were worth $1,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caprock Group LLC grew its position in shares of Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 5,525 shares during the period. SG Americas Securities LLC grew its position in Dominion Energy by 105.0% during the first quarter. SG Americas Securities LLC now owns 97,105 shares of the utilities provider’s stock valued at $4,777,000 after acquiring an additional 49,740 shares during the period. Intech Investment Management LLC purchased a new stake in Dominion Energy during the first quarter valued at about $708,000. QRG Capital Management Inc. purchased a new stake in Dominion Energy during the first quarter valued at about $272,000. Finally, LRI Investments LLC purchased a new stake in shares of Dominion Energy in the first quarter worth about $32,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Performance

NYSE D opened at $58.62 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company’s 50-day simple moving average is $57.72 and its 200 day simple moving average is $53.91. The stock has a market cap of $49.10 billion, a P/E ratio of 30.22, a PEG ratio of 1.59 and a beta of 0.60. Dominion Energy, Inc. has a twelve month low of $39.44 and a twelve month high of $61.26.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. As a group, research analysts forecast that Dominion Energy, Inc. will post 2.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on D. Jefferies Financial Group started coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Barclays boosted their price objective on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Scotiabank boosted their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $55.40.

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.