Frank Rimerman Advisors LLC Raises Holdings in Dominion Energy, Inc. (NYSE:D)

Frank Rimerman Advisors LLC increased its stake in shares of Dominion Energy, Inc. (NYSE:D) by 3.6% during the 4th quarter, Holdings Channel reports. The fund owned 17,289 shares of the utilities provider’s stock after purchasing an additional 601 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Dominion Energy were worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Cape Investment Advisory Inc. boosted its stake in shares of Dominion Energy by 175.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. BankPlus Trust Department purchased a new position in Dominion Energy during the fourth quarter worth approximately $26,000. Roble Belko & Company Inc acquired a new stake in Dominion Energy in the fourth quarter valued at approximately $27,000. Fairway Wealth LLC purchased a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Dominion Energy in the third quarter valued at approximately $32,000. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on D shares. Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased 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. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.18.

Dominion Energy Trading Up 1.0 %

Shares of D stock opened at $54.64 on Friday. Dominion Energy, Inc. has a 1-year low of $46.56 and a 1-year high of $61.97. The firm has a market cap of $46.55 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The company has a 50-day moving average of $55.12 and a two-hundred day moving average of $56.35. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

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

Dominion Energy Announces Dividend

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

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.