Brokerages Expect Dominion Energy Inc (NYSE:D) to Post $1.10 EPS
Equities research analysts expect that Dominion Energy Inc (NYSE:D) will announce earnings of $1.10 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Dominion Energy’s earnings. The highest EPS estimate is $1.16 and the lowest is $1.05. Dominion Energy reported earnings per share of $0.89 in the same quarter last year, which suggests a positive year-over-year growth rate of 23.6%. The firm is scheduled to issue its next quarterly earnings report on Friday, February 7th.
On average, analysts expect that Dominion Energy will report full year earnings of $4.17 per share for the current year, with EPS estimates ranging from $4.11 to $4.20. For the next year, analysts expect that the business will report earnings of $4.34 per share, with EPS estimates ranging from $4.14 to $4.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Dominion Energy.
Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.02. Dominion Energy had a net margin of 6.40% and a return on equity of 11.65%. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same period in the prior year, the business earned $1.15 EPS. The firm’s quarterly revenue was up 23.7% on a year-over-year basis.
Dominion Energy stock traded up $0.12 during midday trading on Friday, hitting $83.02. 2,362,911 shares of the company’s stock were exchanged, compared to its average volume of 3,940,809. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.37 and a current ratio of 0.51. Dominion Energy has a 12 month low of $67.41 and a 12 month high of $83.73. The firm has a 50-day moving average of $81.74 and a two-hundred day moving average of $78.13. The company has a market cap of $67.58 billion, a PE ratio of 20.50, a P/E/G ratio of 4.09 and a beta of 0.22.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.42%. Dominion Energy’s dividend payout ratio is currently 90.62%.
In related news, VP Jeffrey Michael Zeiler bought 15,112 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average cost of $6.31 per share, for a total transaction of $95,356.72. Also, Director Michael E. Szymanczyk bought 21,400 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $78.85 per share, with a total value of $1,687,390.00. Following the completion of the purchase, the director now directly owns 19,541 shares in the company, valued at $1,540,807.85. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Bath Savings Trust Co increased its stake in Dominion Energy by 7.3% in the 2nd quarter. Bath Savings Trust Co now owns 6,651 shares of the utilities provider’s stock valued at $514,000 after buying an additional 450 shares during the last quarter. Thomasville National Bank increased its stake in Dominion Energy by 6.9% in the 2nd quarter. Thomasville National Bank now owns 44,713 shares of the utilities provider’s stock valued at $3,457,000 after buying an additional 2,897 shares during the last quarter. Private Trust Co. NA increased its stake in Dominion Energy by 21.2% in the 2nd quarter. Private Trust Co. NA now owns 7,212 shares of the utilities provider’s stock valued at $557,000 after buying an additional 1,263 shares during the last quarter. Woodstock Corp increased its stake in Dominion Energy by 3.8% in the 2nd quarter. Woodstock Corp now owns 18,772 shares of the utilities provider’s stock valued at $1,451,000 after buying an additional 690 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A increased its stake in Dominion Energy by 3.1% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 53,291 shares of the utilities provider’s stock valued at $4,120,000 after buying an additional 1,590 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.
Dominion Energy Company Profile
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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