Dominion Energy (NYSE:D) Releases Q2 2021 Earnings Guidance

Dominion Energy (NYSE:D) updated its second quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of 0.700-0.800 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.870. The company issued revenue guidance of -.Dominion Energy also updated its FY 2021 guidance to 3.700-4.000 EPS.

Shares of D traded down $1.49 during trading hours on Wednesday, hitting $77.14. The company had a trading volume of 3,245,905 shares, compared to its average volume of 3,784,840. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $62.22 billion, a PE ratio of -3,931.50, a price-to-earnings-growth ratio of 3.74 and a beta of 0.30. The company’s fifty day moving average price is $77.53 and its two-hundred day moving average price is $75.88. Dominion Energy has a one year low of $67.85 and a one year high of $87.34.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Tuesday, May 4th. The utilities provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.01. Dominion Energy had a net margin of 0.10% and a return on equity of 12.19%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts forecast that Dominion Energy will post 3.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 20th. Shareholders of record on Friday, June 4th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, June 3rd. This represents a $2.52 dividend on an annualized basis and a yield of 3.27%. Dominion Energy’s dividend payout ratio is currently 59.43%.

A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of Dominion Energy from a hold rating to a sell rating and set a $80.00 target price for the company. in a research note on Wednesday, April 7th. KeyCorp increased their target price on Dominion Energy from $80.00 to $82.00 and gave the company an overweight rating in a report on Tuesday, April 27th. Credit Suisse Group lifted their price target on Dominion Energy from $80.00 to $90.00 and gave the stock an outperform rating in a research note on Tuesday, April 27th. Evercore ISI upgraded Dominion Energy from an in-line rating to an outperform rating in a research report on Thursday, January 21st. Finally, Wells Fargo & Company upgraded Dominion Energy from an equal weight rating to an overweight rating and upped their target price for the company from $80.00 to $83.00 in a report on Tuesday, January 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $83.79.

In other Dominion Energy news, Director Mark J. Kington purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 4th. The shares were acquired at an average cost of $69.29 per share, for a total transaction of $138,580.00. Corporate insiders own 0.26% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Earnings History and Estimates for Dominion Energy (NYSE:D)

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