Wall Street analysts expect that Dominion Energy Inc (NYSE:D) will report $0.76 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Dominion Energy’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.74. Dominion Energy reported earnings per share of $0.67 in the same quarter last year, which suggests a positive year-over-year growth rate of 13.4%. The company is scheduled to announce its next earnings results on Wednesday, August 1st.
On average, analysts expect that Dominion Energy will report full year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $4.06 to $4.10. For the next year, analysts forecast that the firm will report earnings of $4.27 per share, with EPS estimates ranging from $4.23 to $4.34. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Dominion Energy.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, April 27th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.11. Dominion Energy had a net margin of 23.74% and a return on equity of 12.88%. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.48 billion. During the same quarter last year, the business earned $0.97 EPS. The company’s revenue was up 2.4% compared to the same quarter last year.
D has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Wells Fargo & Co lowered their price objective on shares of Dominion Energy to $68.00 and set a “market perform” rating for the company in a research note on Friday, April 13th. UBS Group reduced their price target on shares of Dominion Energy from $77.00 to $72.00 and set a “neutral” rating for the company in a research report on Wednesday, March 28th. JPMorgan Chase & Co. downgraded shares of Dominion Energy from an “overweight” rating to a “neutral” rating and set a $74.00 price target for the company. in a research report on Friday, March 16th. Finally, ValuEngine downgraded shares of Dominion Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $75.21.
Shares of NYSE:D traded up $0.49 during mid-day trading on Friday, hitting $68.03. The company had a trading volume of 108,845 shares, compared to its average volume of 4,841,791. The firm has a market capitalization of $44.30 billion, a P/E ratio of 18.89, a P/E/G ratio of 2.73 and a beta of 0.28. The company has a quick ratio of 0.31, a current ratio of 0.46 and a debt-to-equity ratio of 1.55. Dominion Energy has a one year low of $61.53 and a one year high of $85.30.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 20th. Shareholders of record on Friday, June 1st were issued a dividend of $0.835 per share. This represents a $3.34 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date was Thursday, May 31st. Dominion Energy’s dividend payout ratio is 92.78%.
In related news, insider Thomas F. Farrell II purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The shares were bought at an average cost of $63.44 per share, with a total value of $253,760.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Lee Financial Co increased its position in shares of Dominion Energy by 1,549.0% in the first quarter. Lee Financial Co now owns 1,616 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 1,518 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Dominion Energy in the fourth quarter worth approximately $111,000. KHP Capital LLC bought a new position in shares of Dominion Energy in the first quarter worth approximately $137,000. Macroview Investment Management LLC bought a new position in shares of Dominion Energy in the first quarter worth approximately $144,000. Finally, Private Capital Group LLC increased its position in shares of Dominion Energy by 1,708.3% in the first quarter. Private Capital Group LLC now owns 2,170 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 2,050 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.
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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