Dominion Energy, Inc. (NYSE:D) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in shares of Dominion Energy, Inc. (NYSE:D) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 189,457 shares of the utilities provider’s stock after acquiring an additional 39,644 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Dominion Energy were worth $10,204,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in D. BankPlus Trust Department acquired a new position in shares of Dominion Energy during the fourth quarter worth about $26,000. Roble Belko & Company Inc acquired a new position in shares of Dominion Energy during the fourth quarter worth about $27,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the third quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy during the third quarter worth about $32,000. Finally, Dunhill Financial LLC grew its position in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Stock Up 1.0 %

Shares of NYSE D opened at $57.44 on Wednesday. Dominion Energy, Inc. has a 12-month low of $44.17 and a 12-month high of $61.97. The company has a market capitalization of $48.25 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.22 and a beta of 0.61. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm’s 50-day moving average is $54.72 and its two-hundred day moving average is $56.41.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Equities analysts anticipate 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 will be paid on Thursday, March 20th. Investors of record on Friday, February 28th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on D. Scotiabank upped their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley began coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average target price of $56.58.

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.