Robinson Value Management Ltd. Buys 533 Shares of Dominion Energy, Inc. (NYSE:D)

Robinson Value Management Ltd. raised its stake in shares of Dominion Energy, Inc. (NYSE:D) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,159 shares of the utilities provider’s stock after purchasing an additional 533 shares during the period. Dominion Energy accounts for 2.6% of Robinson Value Management Ltd.’s portfolio, making the stock its 10th largest holding. Robinson Value Management Ltd.’s holdings in Dominion Energy were worth $3,886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Roble Belko & Company Inc bought a new position in Dominion Energy in the fourth quarter worth $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy in the third quarter worth $28,000. Frazier Financial Advisors LLC bought a new position in shares of Dominion Energy during the third quarter valued at $32,000. Dunhill Financial LLC lifted its holdings in shares of Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 487 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 449 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Stock Up 0.5 %

D stock opened at $54.64 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy, Inc. has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The stock’s 50 day simple moving average is $54.51 and its 200 day simple moving average is $56.16. The company has a market cap of $45.90 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.89%. Dominion Energy’s dividend payout ratio is currently 93.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on D shares. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price for the company. Finally, Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $56.58.

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.