IFM Investors Pty Ltd Has $10.01 Million Holdings in Dominion Energy Inc. $D

Key Points

• IFM Investors Pty Ltd reduced its stake in Dominion Energy Inc. by 21.1%, selling 47,611 shares during the first quarter, leaving it with 178,489 shares valued at approximately $10 million.
• Dominion Energy's most recent earnings report showed a net income miss with earnings per share of $0.75, falling short of the consensus estimate of $0.77, though revenue increased by 9.3% year-over-year.
• The company declared a quarterly dividend of $0.6675 per share, indicating a 4.5% yield and a payout ratio of 92.07%.

IFM Investors Pty Ltd lessened its holdings in shares of Dominion Energy Inc. (NYSE:D - Free Report) by 21.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,489 shares of the utilities provider's stock after selling 47,611 shares during the period. IFM Investors Pty Ltd's holdings in Dominion Energy were worth $10,008,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sowell Financial Services LLC bought a new position in shares of Dominion Energy during the 1st quarter valued at about $314,000. QRG Capital Management Inc. boosted its position in Dominion Energy by 13.8% during the 1st quarter. QRG Capital Management Inc. now owns 8,971 shares of the utilities provider's stock worth $503,000 after acquiring an additional 1,087 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Dominion Energy by 114.8% during the 1st quarter. Farther Finance Advisors LLC now owns 12,089 shares of the utilities provider's stock worth $680,000 after acquiring an additional 6,462 shares during the last quarter. Bessemer Group Inc. boosted its position in Dominion Energy by 7.0% during the 1st quarter. Bessemer Group Inc. now owns 9,394 shares of the utilities provider's stock worth $527,000 after acquiring an additional 616 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Dominion Energy by 222.7% during the 1st quarter. Golden State Wealth Management LLC now owns 910 shares of the utilities provider's stock worth $51,000 after acquiring an additional 628 shares during the last quarter. Institutional investors own 73.04% of the company's stock.

Insiders Place Their Bets

In other news, CEO Robert M. Blue purchased 4,152 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of $60.35 per share, with a total value of $250,573.20. Following the completion of the purchase, the chief executive officer owned 161,237 shares of the company's stock, valued at $9,730,652.95. This trade represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.11% of the stock is owned by company insiders.

Dominion Energy Stock Performance

D traded up $0.08 during trading hours on Friday, reaching $60.09. The company's stock had a trading volume of 3,979,374 shares, compared to its average volume of 4,608,628. Dominion Energy Inc. has a 52 week low of $48.07 and a 52 week high of $62.46. The company's 50-day moving average is $59.41 and its 200-day moving average is $56.42. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market cap of $51.28 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02). The firm had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.280-3.520 EPS. On average, equities analysts forecast that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Investors of record on Friday, September 5th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a yield of 4.4%. Dominion Energy's dividend payout ratio (DPR) is 92.07%.

Analyst Ratings Changes

A number of research firms have weighed in on D. JPMorgan Chase & Co. upped their price target on Dominion Energy from $56.00 to $59.00 and gave the stock an "underweight" rating in a research report on Thursday, August 21st. Morgan Stanley reduced their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Dominion Energy has an average rating of "Hold" and a consensus price target of $59.57.

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.