Dominion Energy, Inc. (D) To Go Ex-Dividend on February 28th

Dominion Energy, Inc. (NYSE:D) declared a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.6675 per share by the utilities provider on Thursday, March 20th. This represents a $2.67 annualized dividend and a yield of 4.82%. The ex-dividend date is Friday, February 28th.

Dominion Energy has raised its dividend payment by an average of 2.0% per year over the last three years. Dominion Energy has a dividend payout ratio of 74.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Dominion Energy to earn $3.38 per share next year, which means the company should continue to be able to cover its $2.67 annual dividend with an expected future payout ratio of 79.0%.

Dominion Energy Trading Down 0.7 %

Shares of D stock opened at $55.34 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy has a 52-week low of $43.53 and a 52-week high of $61.97. The company has a market capitalization of $46.48 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.15 and a beta of 0.60. The business’s fifty day moving average is $55.16 and its 200 day moving average is $56.01.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the firm earned $0.77 earnings per share. Dominion Energy’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Dominion Energy will post 2.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley started coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.58.

About Dominion Energy

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.