Dominion Energy Inc. (D) Expected to Announce Earnings of $0.90 Per Share

Equities research analysts expect Dominion Energy Inc. (NYSE:D) to post earnings of $0.90 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Dominion Energy’s earnings, with estimates ranging from $0.84 to $0.95. Dominion Energy reported earnings per share of $0.99 in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.1%. The firm is scheduled to issue its next earnings results before the market opens on Monday, January 29th.

According to Zacks, analysts expect that Dominion Energy will report full year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.52 to $3.75. For the next year, analysts expect that the business will report earnings of $4.05 per share, with EPS estimates ranging from $3.95 to $4.19. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Dominion Energy.

Dominion Energy (NYSE:D) last issued its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.02. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share.

D has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Dominion Energy in a report on Friday, October 20th. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Tuesday, October 3rd. Bank of America initiated coverage on Dominion Energy in a report on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price target for the company. Finally, Gabelli reaffirmed a “hold” rating on shares of Dominion Energy in a report on Wednesday, November 1st. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $82.10.

Dominion Energy (D) opened at $74.99 on Friday. The stock has a market capitalization of $48,260.00, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 3.30 and a beta of 0.30. Dominion Energy has a twelve month low of $70.87 and a twelve month high of $85.30. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47.

In related news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction dated 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 $1,527,033.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. MPS Loria Financial Planners LLC acquired a new stake in Dominion Energy in the second quarter worth about $103,000. Johnson Financial Group Inc. grew its position in shares of Dominion Energy by 146.8% during the 3rd quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after buying an additional 800 shares during the period. Pacad Investment Ltd. acquired a new position in shares of Dominion Energy during the 2nd quarter worth about $107,000. Monroe Bank & Trust MI grew its position in shares of Dominion Energy by 36.1% during the 2nd quarter. Monroe Bank & Trust MI now owns 1,507 shares of the utilities provider’s stock worth $116,000 after buying an additional 400 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Dominion Energy by 183.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock worth $119,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 64.50% of the company’s stock.

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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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