Dominion Energy (D) Earning Favorable News Coverage, Study Finds
Headlines about Dominion Energy (NYSE:D) have been trending positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dominion Energy earned a news impact score of 0.30 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.9619199155433 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Is Dominion About To Post New All-Time Highs? – Seeking Alpha (seekingalpha.com)
- Dominion Energy to Present at Barclays CEO Energy – Power Conference – PR Newswire (press release) (prnewswire.com)
- Dominion Energy, Inc. (D) Ex-Dividend Date Scheduled for August 30, 2017 – Nasdaq (nasdaq.com)
- RSI 76.06 Alerts: Dominion Energy, Inc. (D) stock to sell | Analysts … – Voice Of Analysts (analystsbuzz.com)
Shares of Dominion Energy (D) opened at 80.24 on Wednesday. Dominion Energy has a 1-year low of $69.51 and a 1-year high of $81.65. The company has a 50 day moving average of $77.53 and a 200 day moving average of $77.55. The company has a market cap of $51.56 billion, a PE ratio of 23.22 and a beta of 0.28.
Dominion Energy (NYSE:D) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. Equities analysts expect that Dominion Energy will post $3.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be paid a $0.755 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $3.02 annualized dividend and a dividend yield of 3.76%. Dominion Energy’s payout ratio is 87.28%.
Several brokerages have recently issued reports on D. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, July 11th. BidaskClub downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Citigroup Inc. lowered their price target on Dominion Energy from $78.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 26th. Morgan Stanley lowered their price target on Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, May 8th. Finally, Deutsche Bank AG raised their price target on Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $80.57.
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About Dominion Energy
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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