IFM Investors Pty Ltd Raises Stock Holdings in Dominion Energy Inc. (NYSE:D)

IFM Investors Pty Ltd lifted its position in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 20.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 272,090 shares of the utilities provider's stock after purchasing an additional 45,990 shares during the quarter. IFM Investors Pty Ltd's holdings in Dominion Energy were worth $15,724,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after buying an additional 3,553 shares during the last quarter. M&T Bank Corp raised its stake in Dominion Energy by 2.6% during the fourth quarter. M&T Bank Corp now owns 156,073 shares of the utilities provider's stock valued at $8,406,000 after buying an additional 4,017 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Dominion Energy during the fourth quarter valued at $8,500,000. Raymond James Financial Inc. purchased a new position in Dominion Energy during the fourth quarter valued at $71,409,000. Finally, Lindbrook Capital LLC raised its stake in shares of Dominion Energy by 20.3% in the fourth quarter. Lindbrook Capital LLC now owns 8,305 shares of the utilities provider's stock worth $447,000 after purchasing an additional 1,402 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Stock Performance

Dominion Energy stock traded down $0.08 during mid-day trading on Tuesday, reaching $56.36. 4,397,428 shares of the stock traded hands, compared to its average volume of 4,769,445. The stock has a market capitalization of $48.06 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.23 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.53. Dominion Energy Inc. has a 12-month low of $48.07 and a 12-month high of $61.97. The business's 50-day moving average is $55.67 and its 200-day moving average is $54.86.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The company had revenue of $4.08 billion during the quarter, compared to analysts' expectations of $3.95 billion. Dominion Energy had a return on equity of 9.51% and a net margin of 15.55%. Dominion Energy's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, sell-side analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, May 29th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date was Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. restated an "underweight" rating and issued a $52.00 price target (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group boosted their price target on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Morgan Stanley decreased their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Finally, Argus upgraded Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $58.38.

Dominion Energy Company 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.