Dominion Energy (NYSE:D) Issues Earnings Results

Dominion Energy (NYSE:D) issued its quarterly earnings data on Thursday. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09, Briefing.com reports. Dominion Energy had a net margin of 11.63% and a return on equity of 7.68%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year.

Dominion Energy Trading Up 1.2 %

NYSE D traded up $0.64 during trading hours on Friday, reaching $56.08. The company had a trading volume of 5,501,213 shares, compared to its average volume of 3,327,657. The stock has a 50-day moving average of $51.24 and a 200 day moving average of $49.37. Dominion Energy has a 1-year low of $39.18 and a 1-year high of $57.60. The company has a current ratio of 1.05, a quick ratio of 0.94 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $46.97 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 1.50 and a beta of 0.58.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.67 dividend on an annualized basis and a yield of 4.76%. Dominion Energy’s payout ratio is currently 137.63%.

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America upgraded shares of Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $43.00 to $54.00 in a research note on Friday, May 10th. Evercore ISI boosted their target price on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Scotiabank decreased their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Barclays decreased their target price on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Finally, Mizuho boosted their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and an average target price of $51.64.

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.