Zacks: Analysts Anticipate Dominion Energy Inc. (D) Will Post Quarterly Sales of $3.22 Billion
Equities analysts expect Dominion Energy Inc. (NYSE:D) to post $3.22 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Dominion Energy’s earnings, with the lowest sales estimate coming in at $3.16 billion and the highest estimate coming in at $3.28 billion. Dominion Energy posted sales of $3.08 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The firm is scheduled to announce its next earnings report on Wednesday, February 7th.
On average, analysts expect that Dominion Energy will report full year sales of $3.22 billion for the current year, with estimates ranging from $12.39 billion to $13.12 billion. For the next fiscal year, analysts forecast that the firm will report sales of $13.79 billion per share, with estimates ranging from $13.37 billion to $14.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow Dominion Energy.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year.
Dominion Energy (NYSE:D) opened at $84.13 on Friday. The stock has a market capitalization of $54,017.89, a PE ratio of 22.87, a P/E/G ratio of 4.13 and a beta of 0.29. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. Dominion Energy has a 1 year low of $70.87 and a 1 year high of $84.34.
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 paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.66%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.76. Dominion Energy’s payout ratio is currently 89.09%.
In other news, Director John W. Harris sold 5,616 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total value of $453,267.36. Following the completion of the transaction, the director now directly owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.
Several large investors have recently made changes to their positions in D. BlackRock Inc. increased its holdings in shares of Dominion Energy by 3,615.9% during the 1st quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock worth $3,530,873,000 after buying an additional 44,293,566 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Dominion Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after buying an additional 1,194,152 shares during the last quarter. Federated Investors Inc. PA increased its holdings in shares of Dominion Energy by 5.4% during the 2nd quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock worth $687,216,000 after buying an additional 461,484 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Dominion Energy by 4.0% during the 3rd quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after buying an additional 244,870 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Dominion Energy by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after buying an additional 253,699 shares during the last quarter. 64.67% of the stock is currently owned by institutional investors and hedge funds.
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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.
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