Investment Management Corp of Ontario Increases Holdings in Dominion Energy Inc. $D

by · The Cerbat Gem

Investment Management Corp of Ontario grew its stake in shares of Dominion Energy Inc. (NYSE:D – Free Report) by 35.4% during the second quarter, HoldingsChannel reports. The firm owned 271,022 shares of the utilities provider’s stock after buying an additional 70,927 shares during the period. Investment Management Corp of Ontario’s holdings in Dominion Energy were worth $15,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CoreFirst Bank & Trust purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at about $25,000. Westside Investment Management Inc. grew its position in Dominion Energy by 123.3% in the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 259 shares in the last quarter. AlphaQuest LLC acquired a new stake in Dominion Energy in the first quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Dominion Energy during the second quarter valued at approximately $32,000. Finally, Dagco Inc. purchased a new position in shares of Dominion Energy in the first quarter valued at $31,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Stock Down 0.2%

NYSE:D opened at $58.36 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. The company has a market capitalization of $49.84 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70. Dominion Energy Inc. has a one year low of $48.07 and a one year high of $62.87. The stock has a 50-day simple moving average of $60.72 and a 200 day simple moving average of $59.16.

Dominion Energy (NYSE:D – Get Free Report) last announced its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.04. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The firm had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Dominion Energy’s revenue for the quarter 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. Sell-side analysts predict that Dominion Energy Inc. will post 3.39 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Shareholders of record on Friday, December 5th will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, December 5th. This represents a $2.67 annualized dividend and a yield of 4.6%. Dominion Energy’s payout ratio is presently 90.82%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $56.00 to $59.00 and gave the stock an “underweight” rating in a research report on Thursday, August 21st. Wells Fargo & Company initiated coverage on Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 price target on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Dominion Energy in a research note on Tuesday, December 2nd. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Dominion Energy presently has an average rating of “Hold” and an average price target of $64.22.

Check Out Our Latest Stock Analysis on Dominion Energy

Dominion Energy Company Profile

(Free Report)

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.

See Also

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