Frank Rimerman Advisors LLC Purchases 601 Shares of Dominion Energy, Inc. (NYSE:D)

Frank Rimerman Advisors LLC raised its holdings in shares of Dominion Energy, Inc. (NYSE:D) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,289 shares of the utilities provider’s stock after buying an additional 601 shares during the period. Frank Rimerman Advisors LLC’s holdings in Dominion Energy were worth $931,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC bought a new stake in Dominion Energy during the 3rd quarter valued at about $210,000. Versor Investments LP purchased a new stake in shares of Dominion Energy in the third quarter valued at approximately $248,000. GSA Capital Partners LLP purchased a new position in Dominion Energy during the 3rd quarter worth $960,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Dominion Energy by 22.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after buying an additional 12,890 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Dominion Energy by 3.0% in the 3rd quarter. KBC Group NV now owns 65,413 shares of the utilities provider’s stock worth $3,780,000 after buying an additional 1,895 shares during the period. Institutional investors own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on D shares. Morgan Stanley began coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Scotiabank upped their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $57.18.

Dominion Energy Stock Performance

Shares of D opened at $54.64 on Friday. Dominion Energy, Inc. has a 12 month low of $46.56 and a 12 month high of $61.97. The stock has a fifty day moving average price of $55.12 and a 200-day moving average price of $56.35. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market cap of $46.55 billion, a PE ratio of 20.24, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Equities research analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 4.89%. Dominion Energy’s payout ratio is 98.89%.

About Dominion Energy

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.