Zimmer Partners LP Makes New Investment in Dominion Energy, Inc. (NYSE:D)

Zimmer Partners LP purchased a new position in shares of Dominion Energy, Inc. (NYSE:D - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,341,790 shares of the utilities provider's stock, valued at approximately $72,269,000. Dominion Energy makes up 1.2% of Zimmer Partners LP's holdings, making the stock its 24th largest holding. Zimmer Partners LP owned 0.16% of Dominion Energy at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Simon Quick Advisors LLC lifted its position in shares of Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $229,000 after acquiring an additional 184 shares during the last quarter. Cadence Bank lifted its position in shares of Dominion Energy by 2.0% during the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider's stock valued at $515,000 after acquiring an additional 189 shares during the last quarter. Choate Investment Advisors lifted its position in shares of Dominion Energy by 5.4% during the 4th quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider's stock valued at $209,000 after acquiring an additional 198 shares during the last quarter. Eagle Strategies LLC lifted its position in shares of Dominion Energy by 6.0% during the 4th quarter. Eagle Strategies LLC now owns 3,759 shares of the utilities provider's stock valued at $202,000 after acquiring an additional 212 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Dominion Energy by 16.9% during the 4th quarter. Covestor Ltd now owns 1,504 shares of the utilities provider's stock valued at $81,000 after acquiring an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Price Performance

Shares of NYSE:D opened at $56.18 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. Dominion Energy, Inc. has a 1 year low of $47.99 and a 1 year high of $61.97. The business has a fifty day simple moving average of $53.96 and a 200 day simple moving average of $55.01. The firm has a market cap of $47.91 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.22 and a beta of 0.57.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.11. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.95 billion. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Dominion Energy's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share. As a group, sell-side analysts predict that Dominion Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.75%. The ex-dividend date is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on D shares. Morgan Stanley increased their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $52.00 target price (down from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, Argus raised shares of Dominion Energy to a "hold" rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $58.75.

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.

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