Dominion Energy (D) Given Coverage Optimism Rating of 0.29
Media stories about Dominion Energy (NYSE:D) have been trending positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dominion Energy earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.7155277580453 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Dominion Energy offers $1M in critical community needs grants (thedailyrecord.com)
- BARK gets van donated from Dominion Energy (nbc12.com)
- South Carolina nonprofits ‘meeting basic human needs’ eligible for Dominion Energy funding (journalscene.com)
- Dominion, environmentalists battle over scope of stop-work order for pipeline (richmond.com)
- Dominion Energy offers $1 Million in critical community needs grants (automotiveworld.com)
A number of research firms recently issued reports on D. Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. JPMorgan Chase & Co. increased their price target on shares of Dominion Energy from $67.00 to $70.00 and gave the stock a “hold” rating in a research note on Monday, July 23rd. Howard Weil began coverage on shares of Dominion Energy in a research note on Tuesday, July 24th. They issued a “sector perform” rating for the company. Bank of America decreased their price target on shares of Dominion Energy from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. Finally, Scotiabank began coverage on shares of Dominion Energy in a research note on Tuesday, July 24th. They issued a “hold” rating and a $167.00 price target for the company. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $83.50.
Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.07. Dominion Energy had a net margin of 23.69% and a return on equity of 13.13%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. sell-side analysts anticipate that Dominion Energy will post 4.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Friday, September 7th will be paid a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Thursday, September 6th. Dominion Energy’s dividend payout ratio is 92.78%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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