Dominion Energy (NYSE:D) Releases FY21 Earnings Guidance


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Dominion Energy (NYSE:D) updated its FY21 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.70-4.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.88. Dominion Energy also updated its FY 2021 guidance to 3.700-4.000 EPS.

A number of analysts have recently weighed in on the stock. Mizuho raised their price target on shares of Dominion Energy from $75.00 to $76.00 and gave the stock a neutral rating in a research report on Friday, January 29th. Credit Suisse Group upped their target price on shares of Dominion Energy from $80.00 to $90.00 and gave the company an outperform rating in a research note on Tuesday, April 27th. Evercore ISI raised Dominion Energy from an in-line rating to an outperform rating in a report on Thursday, January 21st. KeyCorp lifted their target price on Dominion Energy from $80.00 to $82.00 and gave the stock an overweight rating in a research report on Tuesday, April 27th. Finally, Zacks Investment Research cut Dominion Energy from a hold rating to a sell rating and set a $80.00 price objective on the stock. in a research note on Wednesday, April 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $83.79.

Shares of D stock traded down $0.96 during trading hours on Tuesday, reaching $79.41. 3,599,125 shares of the stock traded hands, compared to its average volume of 3,805,882. The business has a fifty day moving average price of $76.83 and a 200 day moving average price of $75.97. Dominion Energy has a 1-year low of $67.85 and a 1-year high of $87.34. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $64.00 billion, a PE ratio of -3,970.50, a PEG ratio of 3.74 and a beta of 0.30.

Dominion Energy (NYSE:D) last announced its earnings results on Tuesday, May 4th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. Dominion Energy had a net margin of 0.10% and a return on equity of 12.19%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the previous year, the business earned $0.92 EPS. The company’s revenue was down 1.7% on a year-over-year basis. Research analysts expect that Dominion Energy will post 3.63 earnings per share for the current fiscal year.

In other Dominion Energy news, Director Mark J. Kington bought 2,000 shares of the stock in a transaction on Thursday, March 4th. The shares were bought at an average price of $69.29 per share, with a total value of $138,580.00. Company insiders own 0.26% of the company’s stock.

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 and Estimates for Dominion Energy (NYSE:D)

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