Robeco Institutional Asset Management B.V. Grows Stock Holdings in Dominion Energy, Inc. (NYSE:D)

Robeco Institutional Asset Management B.V. grew its holdings in Dominion Energy, Inc. (NYSE:D) by 325.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,323 shares of the utilities provider’s stock after acquiring an additional 39,250 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Dominion Energy were worth $2,764,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. R Squared Ltd acquired a new position in Dominion Energy during the fourth quarter worth $275,000. SteelPeak Wealth LLC raised its position in Dominion Energy by 10.4% during the fourth quarter. SteelPeak Wealth LLC now owns 17,039 shares of the utilities provider’s stock worth $918,000 after acquiring an additional 1,599 shares during the period. Stonegate Investment Group LLC raised its position in Dominion Energy by 1.6% during the fourth quarter. Stonegate Investment Group LLC now owns 15,321 shares of the utilities provider’s stock worth $825,000 after acquiring an additional 243 shares during the period. Perigon Wealth Management LLC raised its position in Dominion Energy by 59.2% during the fourth quarter. Perigon Wealth Management LLC now owns 6,176 shares of the utilities provider’s stock worth $340,000 after acquiring an additional 2,296 shares during the period. Finally, Jeppson Wealth Management LLC raised its position in shares of Dominion Energy by 2.9% in the fourth quarter. Jeppson Wealth Management LLC now owns 12,826 shares of the utilities provider’s stock valued at $691,000 after buying an additional 359 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Dominion Energy Stock Up 1.3 %

Shares of D opened at $56.31 on Tuesday. The stock has a market capitalization of $47.30 billion, a PE ratio of 19.76, a P/E/G ratio of 1.21 and a beta of 0.61. Dominion Energy, Inc. has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company’s 50-day simple moving average is $54.96 and its 200-day simple moving average is $56.12.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. Analysts forecast that Dominion Energy, Inc. will post 2.75 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

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 $0.6675 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.74%. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

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.