Joel Isaacson & Co. LLC Has $657,000 Stock Position in Dominion Energy, Inc. (NYSE:D)

Joel Isaacson & Co. LLC lessened its stake in Dominion Energy, Inc. (NYSE:D) by 18.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,362 shares of the utilities provider’s stock after selling 2,538 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Dominion Energy were worth $657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trueblood Wealth Management LLC bought a new position in Dominion Energy in the 3rd quarter valued at about $222,000. Mediolanum International Funds Ltd bought a new position in Dominion Energy in the third quarter valued at approximately $757,000. Cullinan Associates Inc. raised its position in Dominion Energy by 3.4% during the third quarter. Cullinan Associates Inc. now owns 21,078 shares of the utilities provider’s stock valued at $1,267,000 after purchasing an additional 700 shares in the last quarter. Ballentine Partners LLC lifted its stake in Dominion Energy by 10.0% during the third quarter. Ballentine Partners LLC now owns 13,937 shares of the utilities provider’s stock worth $805,000 after purchasing an additional 1,271 shares during the last quarter. Finally, Busey Bank boosted its holdings in shares of Dominion Energy by 3.4% in the 3rd quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 203 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 2.0 %

Shares of NYSE D opened at $59.58 on Friday. The stock has a market cap of $49.90 billion, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 1.60 and a beta of 0.60. The firm has a 50 day moving average price of $57.60 and a two-hundred day moving average price of $53.72. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy, Inc. has a 52-week low of $39.44 and a 52-week high of $61.26.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. Dominion Energy’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, equities analysts forecast that Dominion Energy, Inc. will post 2.75 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 30th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.48%. The ex-dividend date was Friday, August 30th. Dominion Energy’s payout ratio is presently 137.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on D shares. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets increased their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a “hold” rating and a $58.00 price target on the stock. Barclays increased their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Scotiabank boosted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $55.40.

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.