Dominion Energy (NYSE:D) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS


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Dominion Energy (NYSE:D) issued its quarterly earnings data on Tuesday. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.01, MarketWatch Earnings reports. Dominion Energy had a net margin of 0.10% and a return on equity of 12.19%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year.

NYSE:D opened at $79.41 on Wednesday. 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 fifty-two week low of $67.85 and a fifty-two week high of $87.34. The stock has a market cap of $64.00 billion, a PE ratio of -3,970.50, a price-to-earnings-growth ratio of 3.74 and a beta of 0.30. The firm’s fifty day simple moving average is $76.83 and its 200-day simple moving average is $75.97.

In related news, Director Mark J. Kington purchased 2,000 shares of the stock in a transaction dated Thursday, March 4th. The shares were acquired at an average cost of $69.29 per share, with a total value of $138,580.00. Corporate insiders own 0.26% of the company’s stock.

A number of research analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Dominion Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $80.00 to $83.00 in a research note on Tuesday, January 26th. Mizuho upped their target price on shares of Dominion Energy from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, January 29th. KeyCorp increased their price objective on shares of Dominion Energy from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 27th. Zacks Investment Research downgraded shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $80.00 target price on the stock. in a research note on Wednesday, April 7th. Finally, Credit Suisse Group lifted their price target on shares of Dominion Energy from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, April 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $83.79.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Earnings History for Dominion Energy (NYSE:D)

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