Equities Analysts Issue Forecasts for Dominion Energy Inc.’s FY2019 Earnings (D)
Dominion Energy Inc. (NYSE:D) – Analysts at Gabelli issued their FY2019 earnings estimates for shares of Dominion Energy in a research note issued to investors on Wednesday. Gabelli analyst T. Winter forecasts that the utilities provider will post earnings per share of $4.25 for the year. Gabelli has a “Hold” rating on the stock. Gabelli also issued estimates for Dominion Energy’s FY2020 earnings at $4.55 EPS and FY2021 earnings at $4.90 EPS.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.02. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a return on equity of 13.60% and a net margin of 17.21%. Dominion Energy’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.14 EPS. ILLEGAL ACTIVITY WARNING: This news story was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/02/equities-analysts-issue-forecasts-for-dominion-energy-inc-s-fy2019-earnings-d.html.
A number of other analysts have also recently weighed in on the stock. Deutsche Bank AG boosted their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Zacks Investment Research raised shares of Dominion Energy from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada reissued a “hold” rating and issued a $77.00 price objective on shares of Dominion Energy in a research note on Monday, August 21st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $78.00 price objective on shares of Dominion Energy in a research note on Thursday, September 14th. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Dominion Energy has an average rating of “Hold” and an average target price of $80.70.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tradewinds Capital Management LLC raised its holdings in shares of Dominion Energy by 0.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,318 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 12 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Dominion Energy in the 2nd quarter worth about $103,000. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Dominion Energy by 336.3% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,396 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 1,076 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Dominion Energy in the 2nd quarter worth about $107,000. Finally, Enterprise Financial Services Corp raised its holdings in shares of Dominion Energy by 5.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,456 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 64.41% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.80%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s dividend payout ratio is currently 89.09%.
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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