Dominion Energy (NYSE:D - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Dominion Energy to post earnings of $0.66 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.11). The company had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.06 EPS. On average, analysts expect Dominion Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Dominion Energy Stock Performance
D traded down $0.26 during midday trading on Thursday, reaching $50.97. The company had a trading volume of 4,517,550 shares, compared to its average volume of 5,351,358. Dominion Energy has a 12-month low of $39.18 and a 12-month high of $57.90. The business has a 50-day moving average price of $48.08 and a two-hundred day moving average price of $46.31. The stock has a market cap of $42.69 billion, a PE ratio of 21.88, a P/E/G ratio of 2.00 and a beta of 0.61. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04.
Dominion Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were paid a $0.6675 dividend. The ex-dividend date was Thursday, February 29th. This represents a $2.67 annualized dividend and a dividend yield of 5.24%. Dominion Energy's payout ratio is presently 114.59%.
Analysts Set New Price Targets
A number of brokerages have issued reports on D. Guggenheim lowered their target price on shares of Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a report on Monday, March 4th. Bank of America raised their target price on Dominion Energy from $40.00 to $43.00 and gave the stock an "underperform" rating in a research note on Tuesday. Wells Fargo & Company increased their price target on shares of Dominion Energy from $49.00 to $51.00 and gave the stock an "equal weight" rating in a report on Thursday, March 7th. StockNews.com cut shares of Dominion Energy from a "hold" rating to a "sell" rating in a research note on Friday, February 23rd. Finally, BMO Capital Markets cut shares of Dominion Energy from an "outperform" rating to a "market perform" rating and set a $49.00 target price on the stock. in a research note on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $49.10.
Read Our Latest Report on Dominion Energy
Insider Buying and Selling
In related news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the transaction, the director now directly owns 8,417 shares of the company's stock, valued at $395,093.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert M. Blue acquired 21,735 shares of the firm's stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $45.91 per share, with a total value of $997,853.85. Following the acquisition, the chief executive officer now owns 176,240 shares of the company's stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by insiders.
Dominion Energy Company Profile
(
Get Free Report)
Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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