Dominion Energy Inc. (D) Releases Q4 Earnings Guidance
Dominion Energy Inc. (NYSE:D) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.80-1.00 for the period, compared to the Thomson Reuters consensus estimate of $0.91.
A number of research analysts have weighed in on the company. Bank of America Corporation assumed coverage on Dominion Energy in a report on Tuesday, October 24th. They set a neutral rating and a $80.00 target price for the company. KeyCorp reaffirmed a hold rating on shares of Dominion Energy in a report on Friday, October 20th. Citigroup Inc. lifted their target price on Dominion Energy from $76.00 to $78.00 and gave the company a neutral rating in a report on Tuesday, October 17th. Zacks Investment Research lowered Dominion Energy from a buy rating to a hold rating in a report on Friday, October 13th. Finally, 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 report on Thursday, October 12th. Twelve research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $80.70.
Dominion Energy Inc. (NYSE D) opened at 80.51 on Monday. Dominion Energy Inc. has a one year low of $69.51 and a one year high of $81.65. The stock’s 50 day moving average price is $78.36 and its 200 day moving average price is $78.25. The stock has a market cap of $51.73 billion, a price-to-earnings ratio of 23.30 and a beta of 0.28.
Dominion Energy (NYSE:D) last released its earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.02. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter last year, the business posted $1.14 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Dominion Energy Inc. will post $3.59 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 1st will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.83%. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio (DPR) is currently 87.28%.
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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