Dominion Energy Inc. (D) Expected to Announce Earnings of $0.89 Per Share
Brokerages predict that Dominion Energy Inc. (NYSE:D) will announce earnings of $0.89 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Dominion Energy’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.92. Dominion Energy posted earnings per share of $0.99 in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 7th.
On average, analysts expect that Dominion Energy will report full-year earnings of $3.60 per share for the current year, with EPS estimates ranging from $3.52 to $3.75. For the next fiscal year, analysts forecast that the business will report earnings of $4.03 per share, with EPS estimates ranging from $3.95 to $4.13. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Dominion Energy.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 earnings per share.
D has been the subject of several recent research reports. J P Morgan Chase & Co raised their price objective on Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, October 3rd. Goldman Sachs Group reissued a “neutral” rating and set a $78.00 price objective on shares of Dominion Energy in a research report on Thursday, September 14th. Finally, Bank of America initiated coverage on Dominion Energy in a research report on Tuesday, October 24th. They set a “neutral” rating and a $80.00 price objective for the company. Thirteen 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 an average target price of $81.50.
In other news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the transaction, the director now owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of D. Tradewinds Capital Management LLC increased its holdings in Dominion Energy by 0.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after buying an additional 12 shares in the last quarter. MPS Loria Financial Planners LLC bought a new stake in Dominion Energy in the 2nd quarter worth about $103,000. Johnson Financial Group Inc. increased its holdings in Dominion Energy by 146.8% in the 3rd quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after buying an additional 800 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after buying an additional 1,076 shares in the last quarter. Finally, Pacad Investment Ltd. bought a new stake in Dominion Energy in the 2nd quarter worth about $107,000. 64.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Dominion Energy (D) traded up $0.54 during trading on Friday, reaching $84.91. The company’s stock had a trading volume of 5,870,000 shares, compared to its average volume of 2,100,000. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.47 and a quick ratio of 0.29. The stock has a market capitalization of $54,640.00, a price-to-earnings ratio of 23.14, a P/E/G ratio of 4.18 and a beta of 0.29. Dominion Energy has a fifty-two week low of $70.87 and a fifty-two week high of $85.26.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Thursday, November 30th. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s payout ratio is currently 90.86%.
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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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