Positive Media Coverage Somewhat Unlikely to Impact Dominion Energy (D) Stock Price
News articles about Dominion Energy (NYSE:D) have trended positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dominion Energy earned a news impact score of 0.28 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 45.9293816494858 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Southern Company’s Current Valuation in Context (finance.yahoo.com)
- XLU: Why Utilities Continued to Trade Weak (finance.yahoo.com)
- Dominion Energy Inc (D) Director John W. Harris Sells 2,665 Shares (americanbankingnews.com)
- Dominion Energy Inc (D) Director John W. Harris Sells 11,254 Shares (americanbankingnews.com)
- Seven African-American Honorees Named ‘Strong Men & Women in Virginia History’ by Dominion Energy and the Library of Virginia (finance.yahoo.com)
D has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price target for the company in a research note on Thursday, December 14th. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Hilliard Lyons upgraded Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Tuesday, January 30th. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Wednesday, January 17th. Finally, Bank of America set a $87.00 target price on Dominion Energy and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $82.09.
Dominion Energy (NYSE:D) last announced its earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. Dominion Energy had a return on equity of 12.99% and a net margin of 24.92%. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. research analysts predict that Dominion Energy will post 4.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 2nd will be paid a dividend of $0.835 per share. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, March 1st. This represents a $3.34 annualized dividend and a yield of 4.49%. Dominion Energy’s dividend payout ratio is presently 62.73%.
In other Dominion Energy news, Director John W. Harris sold 2,665 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $80.60, for a total value of $214,799.00. Following the completion of the sale, the director now owns 13,282 shares in the company, valued at approximately $1,070,529.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John W. Harris sold 11,254 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $79.94, for a total value of $899,644.76. Following the completion of the sale, the director now owns 13,282 shares of the company’s stock, valued at approximately $1,061,763.08. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by company insiders.
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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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