Brokerages expect that Dominion Energy, Inc. (NYSE:D – Get Rating) will post $0.80 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Dominion Energy’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.79. Dominion Energy posted earnings of $0.76 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Dominion Energy will report full year earnings of $4.12 per share for the current financial year, with EPS estimates ranging from $4.10 to $4.13. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.42 per share, with EPS estimates ranging from $4.35 to $4.52. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Dominion Energy.
Dominion Energy (NYSE:D – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.01). Dominion Energy had a net margin of 20.81% and a return on equity of 12.99%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the prior year, the business earned $1.09 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis.
D stock traded up $0.71 during midday trading on Friday, hitting $83.61. The company’s stock had a trading volume of 2,626,646 shares, compared to its average volume of 3,411,659. The company has a quick ratio of 0.65, a current ratio of 0.79 and a debt-to-equity ratio of 1.42. Dominion Energy has a 52-week low of $70.37 and a 52-week high of $88.78. The firm has a market capitalization of $67.83 billion, a P/E ratio of 23.35, a PEG ratio of 3.20 and a beta of 0.41. The firm has a 50-day simple moving average of $84.02 and a 200-day simple moving average of $79.77.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 20th. Investors of record on Friday, June 3rd will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $2.67 annualized dividend and a yield of 3.19%. Dominion Energy’s dividend payout ratio is currently 74.58%.
A number of large investors have recently made changes to their positions in the stock. Accurate Wealth Management LLC raised its stake in Dominion Energy by 4.0% during the 1st quarter. Accurate Wealth Management LLC now owns 3,261 shares of the utilities provider’s stock worth $277,000 after acquiring an additional 124 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Dominion Energy by 3.0% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $361,000 after acquiring an additional 125 shares in the last quarter. Rothschild Investment Corp IL raised its stake in Dominion Energy by 0.5% during the 1st quarter. Rothschild Investment Corp IL now owns 23,885 shares of the utilities provider’s stock worth $2,030,000 after acquiring an additional 127 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in Dominion Energy by 0.4% during the 4th quarter. Pinnacle Associates Ltd. now owns 36,300 shares of the utilities provider’s stock worth $2,852,000 after acquiring an additional 128 shares in the last quarter. Finally, Hartford Financial Management Inc. increased its stake in Dominion Energy by 0.3% in the first quarter. Hartford Financial Management Inc. now owns 45,300 shares of the utilities provider’s stock valued at $3,849,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 68.39% of the company’s stock.
About Dominion Energy (Get Rating)
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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