Brokerages Expect Dominion Energy Inc. (D) to Announce $0.89 Earnings Per Share
Equities research analysts expect Dominion Energy Inc. (NYSE:D) to report $0.89 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Dominion Energy’s earnings, with estimates ranging from $0.83 to $0.92. Dominion Energy posted earnings of $0.99 per share in the same quarter last year, which would suggest a negative year over year growth rate of 10.1%. The firm is expected to announce its next earnings report on Wednesday, February 7th.
According to Zacks, analysts expect that Dominion Energy will report full year earnings of $3.61 per share for the current fiscal year, with EPS estimates ranging from $3.51 to $3.75. For the next financial year, analysts anticipate that the firm will report earnings of $4.02 per share, with EPS estimates ranging from $3.92 to $4.13. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Dominion Energy.
Dominion Energy (NYSE:D) last posted its earnings results on Monday, October 30th. The company reported C$1.04 EPS for the quarter, topping the consensus estimate of C$1.02 by C$0.02. Dominion Energy had a net margin of 17.21% and a return on equity of 13.32%. The firm had revenue of C$3.18 billion during the quarter, compared to analysts’ expectations of C$3.31 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. Dominion Energy’s quarterly revenue was up 1.5% on a year-over-year basis.
D has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Tuesday, October 3rd. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a research note on Monday, August 21st. Deutsche Bank AG upped their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Finally, Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. Fifteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of C$80.70.
Dominion Energy (D) traded down C$0.43 during midday trading on Friday, reaching C$80.81. 1,740,000 shares of the company’s stock traded hands, compared to its average volume of 2,175,689. Dominion Energy has a 1 year low of C$69.51 and a 1 year high of C$82.13. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67. The company has a market cap of $52,003.66, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.92 and a beta of 0.29.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 3.81%. Dominion Energy’s dividend payout ratio is currently 89.09%.
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In related news, Director John W. Harris sold 5,616 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of C$80.71, for a total transaction of C$453,267.36. Following the completion of the sale, the director now directly owns 18,920 shares of the company’s stock, valued at C$1,527,033.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in Dominion Energy by 4.0% during the third quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the company’s stock valued at $488,896,000 after purchasing an additional 244,870 shares during the last quarter. Zeke Capital Advisors LLC lifted its stake in Dominion Energy by 65.4% during the third quarter. Zeke Capital Advisors LLC now owns 10,637 shares of the company’s stock valued at $818,000 after purchasing an additional 4,206 shares during the last quarter. Amalgamated Bank lifted its stake in Dominion Energy by 4.1% during the third quarter. Amalgamated Bank now owns 73,685 shares of the company’s stock valued at $5,669,000 after purchasing an additional 2,905 shares during the last quarter. St. James Investment Company LLC lifted its stake in Dominion Energy by 25.6% during the third quarter. St. James Investment Company LLC now owns 160,765 shares of the company’s stock valued at $12,368,000 after purchasing an additional 32,738 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its stake in Dominion Energy by 146.8% during the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the company’s stock valued at $103,000 after purchasing an additional 800 shares during the last quarter. 64.45% of the stock is owned by institutional investors and hedge funds.
Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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