Joel Isaacson & Co. LLC lifted its holdings in shares of Dominion Energy, Inc. (NYSE:D – Get Rating) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,397 shares of the utilities provider’s stock after purchasing an additional 644 shares during the period. Joel Isaacson & Co. LLC’s holdings in Dominion Energy were worth $1,229,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Ellis Investment Partners LLC acquired a new position in shares of Dominion Energy during the first quarter valued at $25,000. DeDora Capital Inc. acquired a new position in shares of Dominion Energy during the first quarter valued at $27,000. Blume Capital Management Inc. acquired a new position in Dominion Energy in the first quarter valued at about $27,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in Dominion Energy in the fourth quarter valued at about $30,000. Finally, Rather & Kittrell Inc. acquired a new position in Dominion Energy in the fourth quarter valued at about $31,000. Institutional investors own 69.75% of the company’s stock.
Wall Street Analysts Forecast Growth
D has been the topic of several analyst reports. BMO Capital Markets increased their target price on Dominion Energy from $87.00 to $91.00 and gave the company an “outperform” rating in a research note on Tuesday, August 9th. Barclays dropped their price target on Dominion Energy from $93.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. UBS Group dropped their price target on Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Morgan Stanley dropped their price target on Dominion Energy from $92.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Mizuho dropped their price target on Dominion Energy from $87.00 to $81.00 in a research report on Friday, July 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $86.00.
Dominion Energy Stock Down 1.2 %
Dominion Energy (NYSE:D – Get Rating) last released its quarterly earnings data on Monday, August 8th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. Dominion Energy had a return on equity of 12.95% and a net margin of 15.09%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same period last year, the firm posted $0.76 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. As a group, equities analysts predict that Dominion Energy, Inc. will post 4.11 earnings per share for the current fiscal year.
Dominion Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were issued a dividend of $0.6675 per share. The ex-dividend date was Thursday, September 1st. This represents a $2.67 annualized dividend and a yield of 3.45%. Dominion Energy’s payout ratio is currently 100.00%.
About Dominion Energy
Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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