Illinois Municipal Retirement Fund Decreases Stock Position in Dominion Energy Inc. (NYSE:D)

Illinois Municipal Retirement Fund decreased its position in Dominion Energy Inc. (NYSE:D - Free Report) by 35.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,086 shares of the utilities provider's stock after selling 67,371 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Dominion Energy were worth $6,845,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cadence Bank lifted its holdings in Dominion Energy by 2.0% in the fourth quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock valued at $515,000 after buying an additional 189 shares during the period. Dynamic Advisor Solutions LLC increased its position in shares of Dominion Energy by 3.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 6,022 shares of the utilities provider's stock worth $338,000 after acquiring an additional 193 shares in the last quarter. Choate Investment Advisors boosted its position in Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock worth $209,000 after acquiring an additional 198 shares during the last quarter. Centre Asset Management LLC grew its position in Dominion Energy by 3.3% in the first quarter. Centre Asset Management LLC now owns 6,251 shares of the utilities provider's stock valued at $350,000 after purchasing an additional 198 shares in the last quarter. Finally, Cornerstone Wealth Group LLC grew its stake in Dominion Energy by 1.1% in the first quarter. Cornerstone Wealth Group LLC now owns 18,229 shares of the utilities provider's stock valued at $1,022,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on D. Morgan Stanley lowered their price target 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. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $52.00 price target (down from $59.00) on shares of Dominion Energy in a report on Tuesday, April 8th. Argus raised Dominion Energy to a "hold" rating in a report on Tuesday, March 25th. Finally, UBS Group lifted their target price on Dominion Energy from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and a consensus price target of $58.38.

Dominion Energy Stock Performance

Dominion Energy stock traded down $0.09 during mid-day trading on Wednesday, reaching $57.56. 4,815,812 shares of the company's stock were exchanged, compared to its average volume of 4,736,778. The business's fifty day simple moving average is $55.34 and its 200 day simple moving average is $54.74. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Dominion Energy Inc. has a one year low of $48.03 and a one year high of $61.97. The firm has a market capitalization of $49.09 billion, a PE ratio of 21.62, a P/E/G ratio of 1.23 and a beta of 0.56.

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

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Thursday, May 29th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend was Thursday, May 29th. Dominion Energy's dividend payout ratio (DPR) is 100.00%.

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.