Analysts expect Dominion Energy Inc (NYSE:D) to announce $0.94 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Dominion Energy’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.90. Dominion Energy posted earnings of $0.91 per share in the same quarter last year, which suggests a positive year over year growth rate of 3.3%. The firm is expected to issue its next earnings report on Monday, February 4th.
According to Zacks, analysts expect that Dominion Energy will report full-year earnings of $4.07 per share for the current year, with EPS estimates ranging from $4.05 to $4.10. For the next financial year, analysts expect that the company will report earnings of $4.27 per share, with EPS estimates ranging from $4.20 to $4.34. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Dominion Energy.
Dominion Energy (NYSE:D) last released its earnings results on Thursday, November 1st. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.41 billion. Dominion Energy had a net margin of 24.63% and a return on equity of 13.24%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS.
A number of equities analysts have issued reports on D shares. Barclays set a $79.00 price target on Dominion Energy and gave the stock a “buy” rating in a report on Saturday, November 17th. UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $75.00 to $84.00 in a report on Thursday, November 29th. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a report on Monday, October 22nd. JPMorgan Chase & Co. upgraded Dominion Energy from a “neutral” rating to an “overweight” rating and set a $78.00 price target on the stock in a report on Tuesday, October 9th. Finally, Argus increased their price target on Dominion Energy from $74.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, September 19th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $85.58.
Several institutional investors and hedge funds have recently modified their holdings of D. Dorsey & Whitney Trust CO LLC lifted its stake in Dominion Energy by 18.0% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 4,608 shares of the utilities provider’s stock valued at $324,000 after acquiring an additional 702 shares in the last quarter. Cleararc Capital Inc. lifted its stake in Dominion Energy by 1.0% during the 3rd quarter. Cleararc Capital Inc. now owns 74,464 shares of the utilities provider’s stock valued at $5,233,000 after acquiring an additional 720 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Dominion Energy by 0.3% during the 2nd quarter. Victory Capital Management Inc. now owns 261,842 shares of the utilities provider’s stock valued at $17,852,000 after acquiring an additional 726 shares in the last quarter. Good Life Advisors LLC lifted its stake in Dominion Energy by 6.4% during the 3rd quarter. Good Life Advisors LLC now owns 12,415 shares of the utilities provider’s stock valued at $873,000 after acquiring an additional 748 shares in the last quarter. Finally, Wetherby Asset Management Inc. lifted its stake in Dominion Energy by 9.6% during the 3rd quarter. Wetherby Asset Management Inc. now owns 8,656 shares of the utilities provider’s stock valued at $609,000 after acquiring an additional 756 shares in the last quarter. Institutional investors own 67.16% of the company’s stock.
NYSE:D opened at $75.61 on Friday. The company has a market cap of $49.34 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 3.06 and a beta of 0.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.62 and a quick ratio of 0.46. Dominion Energy has a fifty-two week low of $61.53 and a fifty-two week high of $85.30.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be issued a $0.835 dividend. This represents a $3.34 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Thursday, December 6th. Dominion Energy’s dividend payout ratio is currently 92.78%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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