Dominion Energy (NYSE:D) Releases Earnings Results, Beats Expectations By $0.06 EPS

Dominion Energy (NYSE:D) announced its quarterly earnings data on Friday. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06, Briefing.com reports. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis.

Dominion Energy Stock Down 0.9 %

Shares of D opened at $58.99 on Monday. The firm has a market cap of $49.49 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.58 and a beta of 0.59. The company’s fifty day moving average is $57.87 and its two-hundred day moving average is $54.14. Dominion Energy has a fifty-two week low of $40.44 and a fifty-two week high of $61.97. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.53%. Dominion Energy’s dividend payout ratio (DPR) is presently 140.53%.

Wall Street Analysts Forecast Growth

D has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays upped their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. upped their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, BMO Capital Markets increased their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Company Profile

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.