Dominion Energy Inc. $D Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its holdings in Dominion Energy Inc. (NYSE:D) by 10.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 134,978 shares of the utilities provider’s stock after acquiring an additional 12,892 shares during the period. Illinois Municipal Retirement Fund’s holdings in Dominion Energy were worth $7,629,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in D. SPC Financial Inc. lifted its stake in shares of Dominion Energy by 1.4% in the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 172 shares during the last quarter. Maridea Wealth Management LLC raised its holdings in Dominion Energy by 2.1% in the 2nd quarter. Maridea Wealth Management LLC now owns 8,940 shares of the utilities provider’s stock valued at $505,000 after buying an additional 183 shares during the period. Quotient Wealth Partners LLC raised its holdings in Dominion Energy by 2.4% in the 2nd quarter. Quotient Wealth Partners LLC now owns 7,795 shares of the utilities provider’s stock valued at $441,000 after buying an additional 184 shares during the period. Private Client Services LLC boosted its stake in Dominion Energy by 3.1% during the second quarter. Private Client Services LLC now owns 6,234 shares of the utilities provider’s stock worth $352,000 after buying an additional 188 shares during the period. Finally, Crewe Advisors LLC increased its position in shares of Dominion Energy by 11.8% during the second quarter. Crewe Advisors LLC now owns 1,797 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 189 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Insider Buying and Selling at Dominion Energy

In other Dominion Energy news, CEO Robert M. Blue bought 4,152 shares of the business’s stock in a transaction dated 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. The trade was a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

Dominion Energy Stock Performance

Shares of D opened at $61.22 on Wednesday. Dominion Energy Inc. has a 1 year low of $48.07 and a 1 year high of $62.52. The stock has a market capitalization of $52.28 billion, a PE ratio of 21.11, a PEG ratio of 2.13 and a beta of 0.63. 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 stock has a 50-day simple moving average of $60.28 and a 200-day simple moving average of $58.38.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, analysts predict that Dominion Energy Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be paid a $0.6675 dividend. The ex-dividend date is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on D shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Dominion Energy in a research note on Wednesday, October 8th. Barclays lifted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Evercore ISI started coverage on Dominion Energy in a research note on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target on the stock. Wells Fargo & Company initiated coverage on Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.22.

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.