Dominion Energy Inc. (NYSE:D) announced a quarterly dividend on Thursday, October 12th, RTT News reports. Shareholders of record on Friday, December 1st will be paid a dividend of 0.77 per share by the utilities provider on Wednesday, December 20th. This represents a $3.08 annualized dividend and a yield of 3.92%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76.

Dominion Energy has increased its dividend payment by an average of 7.6% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Dominion Energy has a dividend payout ratio of 83.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Dominion Energy to earn $4.04 per share next year, which means the company should continue to be able to cover its $3.02 annual dividend with an expected future payout ratio of 74.8%.

Shares of Dominion Energy (D) traded up 0.79% during mid-day trading on Thursday, reaching $78.63. The company’s stock had a trading volume of 1,841,398 shares. Dominion Energy has a 52-week low of $69.51 and a 52-week high of $81.65. The company has a market cap of $50.53 billion, a PE ratio of 22.76 and a beta of 0.28. The company has a 50-day moving average price of $78.14 and a 200 day moving average price of $78.10.

Dominion Energy (NYSE:D) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. Dominion Energy’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. Equities analysts expect that Dominion Energy will post $3.63 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. J P Morgan Chase & Co lifted their target price on Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $78.00 target price on shares of Dominion Energy in a research report on Thursday, September 14th. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a research report on Friday, September 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $77.00 target price on shares of Dominion Energy in a research report on Monday, August 21st. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Dominion Energy currently has a consensus rating of “Hold” and a consensus target price of $80.56.

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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.

Dividend History for Dominion Energy (NYSE:D)

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