Dominion Energy Inc. Expected to Post FY2019 Earnings of $4.25 Per Share (D)
Dominion Energy Inc. (NYSE:D) – Equities researchers at Gabelli issued their FY2019 earnings per share estimates for shares of Dominion Energy in a note issued to investors on Wednesday. Gabelli analyst T. Winter expects that the utilities provider will post earnings per share of $4.25 for the year. Gabelli has a “Hold” rating on the stock. Gabelli also issued estimates for Dominion Energy’s FY2020 earnings at $4.55 EPS and FY2021 earnings at $4.90 EPS.
Dominion Energy (NYSE:D) last issued its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.02. The company 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 firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. COPYRIGHT VIOLATION NOTICE: This story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.watchlistnews.com/dominion-energy-inc-expected-to-post-fy2019-earnings-of-4-25-per-share-d/1676288.html.
A number of other brokerages have also issued reports on D. Citigroup Inc. boosted their target price on Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. Deutsche Bank AG boosted their target price 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. Royal Bank Of Canada restated a “hold” rating and issued a $77.00 price objective on shares of Dominion Energy in a research note on Monday, August 21st. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, September 1st. Thirteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $80.70.
Dominion Energy (D) traded up $0.73 during mid-day trading on Thursday, reaching $81.22. The company had a trading volume of 160,998 shares, compared to its average volume of 2,177,380. The company has a market cap of $52,022.95, a price-to-earnings ratio of 22.03 and a beta of 0.29.
Several hedge funds have recently modified their holdings of the company. Waldron LP purchased a new stake in Dominion Energy during the 1st quarter worth $236,000. Independent Advisor Alliance increased its stake in Dominion Energy by 5.5% during the 1st quarter. Independent Advisor Alliance now owns 37,772 shares of the utilities provider’s stock worth $2,945,000 after buying an additional 1,955 shares during the period. Dixon Hubard Feinour & Brown Inc. VA increased its stake in Dominion Energy by 0.5% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 37,851 shares of the utilities provider’s stock worth $2,936,000 after buying an additional 205 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Dominion Energy by 10.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 257,232 shares of the utilities provider’s stock worth $19,953,000 after acquiring an additional 23,738 shares in the last quarter. Finally, Northstar Wealth Partners LLC acquired a new position in Dominion Energy during the 1st quarter worth $377,000. 64.41% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.79%. 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 dividend payout ratio (DPR) is 89.09%.
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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