KeyCorp Weighs in on Dominion Energy, Inc.’s Q1 2021 Earnings (NYSE:D)


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Dominion Energy, Inc. (NYSE:D) – KeyCorp issued their Q1 2021 earnings per share (EPS) estimates for shares of Dominion Energy in a note issued to investors on Tuesday, January 12th. KeyCorp analyst S. Karp expects that the utilities provider will post earnings per share of $0.98 for the quarter. KeyCorp currently has a “Overweight” rating and a $80.00 target price on the stock. KeyCorp also issued estimates for Dominion Energy’s Q3 2021 earnings at $1.19 EPS.

A number of other brokerages have also issued reports on D. Bank of America upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and decreased their target price for the company from $88.00 to $83.00 in a research report on Wednesday, December 16th. JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and increased their target price for the company from $82.00 to $84.00 in a research report on Tuesday, September 29th. TheStreet lowered shares of Dominion Energy from a “b” rating to a “c+” rating in a research report on Tuesday, December 22nd. UBS Group upgraded shares of Dominion Energy from a “neutral” rating to a “buy” rating and decreased their target price for the company from $88.00 to $83.00 in a research report on Wednesday, December 16th. Finally, Credit Suisse Group upgraded shares of Dominion Energy from a “neutral” rating to an “outperform” rating and set a $83.00 target price for the company in a research report on Thursday, December 17th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $83.42.

Shares of D opened at $72.24 on Thursday. The firm has a 50-day moving average price of $75.36 and a 200 day moving average price of $78.69. The firm has a market capitalization of $58.93 billion, a PE ratio of -3,612.00, a P/E/G ratio of 5.44 and a beta of 0.31. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. Dominion Energy has a 52-week low of $57.79 and a 52-week high of $90.89.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.08. Dominion Energy had a net margin of 0.10% and a return on equity of 12.19%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the company earned $1.18 EPS. The company’s revenue for the quarter was down 4.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Sunday, December 20th. Shareholders of record on Friday, December 4th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Thursday, December 3rd. Dominion Energy’s payout ratio is 59.43%.

In other Dominion Energy news, Chairman Thomas F. Farrell II sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 7th. The shares were sold at an average price of $75.87, for a total value of $3,793,500.00. Following the completion of the transaction, the chairman now directly owns 901,144 shares in the company, valued at $68,369,795.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in shares of Dominion Energy by 29.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,527,853 shares of the utilities provider’s stock worth $1,225,615,000 after purchasing an additional 3,491,376 shares in the last quarter. California Public Employees Retirement System raised its position in Dominion Energy by 2.0% during the third quarter. California Public Employees Retirement System now owns 5,540,592 shares of the utilities provider’s stock valued at $437,319,000 after acquiring an additional 106,400 shares in the last quarter. Nuveen Asset Management LLC raised its position in Dominion Energy by 7.4% during the third quarter. Nuveen Asset Management LLC now owns 5,154,205 shares of the utilities provider’s stock valued at $406,821,000 after acquiring an additional 357,111 shares in the last quarter. Morgan Stanley raised its position in Dominion Energy by 35.1% during the third quarter. Morgan Stanley now owns 4,394,209 shares of the utilities provider’s stock valued at $346,834,000 after acquiring an additional 1,142,688 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Dominion Energy by 2.4% during the third quarter. UBS Asset Management Americas Inc. now owns 3,368,089 shares of the utilities provider’s stock valued at $265,843,000 after acquiring an additional 77,895 shares in the last quarter. 60.79% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Company Profile

Dominion Energy, Inc produces and transports energy. The company's Dominion Energy Virginia segment engages in the regulated electric generation, transmission, and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Gas Transmission & Storage segment operates interstate natural gas transmission pipelines and underground storage systems, as well as engages in nonregulated retail natural gas marketing, and development of renewable natural gas and LNG infrastructure.

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Earnings History and Estimates for Dominion Energy (NYSE:D)

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