IFM Investors Pty Ltd Raises Holdings in Dominion Energy Inc. $D

Key Points

• IFM Investors Pty Ltd increased its stake in Dominion Energy by 9.9%, acquiring an additional 17,590 shares, bringing its total to 196,079 shares worth approximately $11.08 million as of the latest reporting period.
• CEO Robert M. Blue also bought 4,152 shares at an average price of $60.35 per share, increasing his ownership to a total of 161,237 shares valued at around $9.73 million.
• Dominion Energy recently announced a quarterly dividend of $0.6675 per share, with a yield of 4.5% and a payout ratio of 92.07%.

IFM Investors Pty Ltd lifted its position in Dominion Energy Inc. (NYSE:D - Free Report) by 9.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,079 shares of the utilities provider's stock after buying an additional 17,590 shares during the period. IFM Investors Pty Ltd's holdings in Dominion Energy were worth $11,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Orion Capital Management LLC purchased a new position in shares of Dominion Energy in the fourth quarter worth approximately $27,000. Park Square Financial Group LLC bought a new stake in Dominion Energy during the fourth quarter valued at approximately $27,000. AlphaQuest LLC bought a new stake in Dominion Energy during the first quarter valued at approximately $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Dominion Energy during the 1st quarter worth $28,000. Finally, Dagco Inc. purchased a new position in shares of Dominion Energy during the 1st quarter worth $31,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Trading Up 0.1%

Shares of D traded up $0.05 during midday trading on Monday, hitting $59.90. The stock had a trading volume of 4,492,633 shares, compared to its average volume of 5,284,065. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.46. The firm has a market cap of $51.12 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The stock's 50 day moving average is $59.68 and its 200 day moving average is $56.58.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.02). Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The business had revenue of $3.81 billion during the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company's quarterly revenue 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. As a group, analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 20th. Shareholders of record on Friday, September 5th were issued 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 dividend payout ratio (DPR) is presently 92.07%.

Insider Activity at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were acquired at an average price of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer owned 161,237 shares of the company's stock, valued at approximately $9,730,652.95. This trade represents a 2.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on D. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $56.00 to $59.00 and gave the company an "underweight" rating in a research report on Thursday, August 21st. Morgan Stanley lowered their price objective on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average 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.