Dominion Energy (NYSE:D) announced its quarterly earnings results on Monday. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02, RTT News reports. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Dominion Energy updated its Q1 guidance to $0.95-1.15 EPS and its FY18 guidance to $3.80-4.25 EPS.
Shares of Dominion Energy (D) opened at $75.50 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.47 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $48,665.13, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.85 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 2nd will be paid a $0.835 dividend. This represents a $3.34 annualized dividend and a yield of 4.42%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.77. Dominion Energy’s payout ratio is 90.86%.
Hedge funds and other institutional investors have recently modified their holdings of the business. MPS Loria Financial Planners LLC acquired a new stake in Dominion Energy in the second quarter worth about $103,000. Johnson Financial Group Inc. boosted its holdings in Dominion Energy by 146.8% in the third quarter. Johnson Financial Group Inc. now owns 1,345 shares of the utilities provider’s stock worth $103,000 after acquiring an additional 800 shares in the last quarter. MHI Funds LLC acquired a new stake in Dominion Energy in the fourth quarter worth about $119,000. Parkside Financial Bank & Trust boosted its holdings in Dominion Energy by 183.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,546 shares of the utilities provider’s stock worth $119,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in Dominion Energy by 160.8% in the third quarter. Chicago Partners Investment Group LLC now owns 1,565 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 965 shares in the last quarter. 64.54% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the company. National Bank Financial lowered Dominion Energy from an “outperfrom under weight” rating to a “sector perform” rating in a research note on Wednesday, October 4th. Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Gabelli reiterated a “hold” rating on shares of Dominion Energy in a research note on Wednesday, November 1st. Bank of America set a $87.00 target price on Dominion Energy and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 target price on the stock in a research note on Thursday, December 14th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $82.22.
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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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