Equities analysts expect Dominion Energy Inc (NYSE:D) to post earnings per share (EPS) of $0.80 for the current quarter, Zacks reports. Two analysts have made estimates for Dominion Energy’s earnings. The lowest EPS estimate is $0.75 and the highest is $0.90. Dominion Energy posted earnings per share of $0.86 in the same quarter last year, which would indicate a negative year over year growth rate of 7%. The firm is scheduled to announce its next earnings report on Wednesday, August 7th.

On average, analysts expect that Dominion Energy will report full-year earnings of $4.19 per share for the current year, with EPS estimates ranging from $4.10 to $4.25. For the next fiscal year, analysts forecast that the company will report earnings of $4.42 per share, with EPS estimates ranging from $4.40 to $4.46. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Dominion Energy.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). Dominion Energy had a return on equity of 12.35% and a net margin of 9.19%. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $4.84 billion. During the same period last year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis.

A number of research analysts have issued reports on D shares. TheStreet cut Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Macquarie cut Dominion Energy from an “outperform” rating to a “neutral” rating in a research note on Monday, March 18th. They noted that the move was a valuation call. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Monday, April 8th. Credit Suisse Group started coverage on Dominion Energy in a research note on Friday, April 12th. They issued a “neutral” rating and a $78.00 target price for the company. Finally, ValuEngine cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $85.85.

NYSE:D traded up $0.18 on Friday, reaching $76.25. The company’s stock had a trading volume of 50,739 shares, compared to its average volume of 3,976,767. Dominion Energy has a 1-year low of $64.20 and a 1-year high of $78.31. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The stock has a market cap of $60.24 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 3.67 and a beta of 0.26.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend is Thursday, June 6th. Dominion Energy’s dividend payout ratio is presently 90.62%.

Several institutional investors and hedge funds have recently made changes to their positions in D. BlackRock Inc. raised its holdings in Dominion Energy by 17.3% during the first quarter. BlackRock Inc. now owns 55,385,657 shares of the utilities provider’s stock worth $4,245,862,000 after purchasing an additional 8,176,020 shares in the last quarter. Vanguard Group Inc grew its position in Dominion Energy by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock valued at $3,505,778,000 after buying an additional 825,191 shares during the last quarter. Wellington Management Group LLP grew its position in Dominion Energy by 2.3% in the 1st quarter. Wellington Management Group LLP now owns 30,829,059 shares of the utilities provider’s stock valued at $2,363,356,000 after buying an additional 686,074 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in Dominion Energy by 34.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,968,811 shares of the utilities provider’s stock valued at $1,069,671,000 after buying an additional 3,801,740 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Dominion Energy by 16.0% in the 1st quarter. Geode Capital Management LLC now owns 10,507,693 shares of the utilities provider’s stock valued at $805,322,000 after buying an additional 1,451,423 shares during the last quarter. 63.82% of the stock is owned by hedge funds and other institutional investors.

About Dominion Energy

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.

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