Equities analysts expect that Dominion Energy Inc (NYSE:D) will report sales of $4.04 billion for the current quarter, according to Zacks. Two analysts have provided estimates for Dominion Energy’s earnings. The highest sales estimate is $4.07 billion and the lowest is $4.02 billion. Dominion Energy reported sales of $3.09 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 30.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Dominion Energy will report full year sales of $17.90 billion for the current fiscal year, with estimates ranging from $17.65 billion to $18.22 billion. For the next financial year, analysts anticipate that the business will report sales of $18.61 billion, with estimates ranging from $18.02 billion to $19.02 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Dominion Energy.
Dominion Energy (NYSE:D) last posted its earnings results on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share.
D has been the topic of several research reports. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Bank of America set a $10.00 price objective on shares of HEXO and gave the stock a “buy” rating in a research report on Thursday, June 13th. TheStreet downgraded shares of Viewray from a “c-” rating to a “d” rating in a research report on Friday, May 3rd. KeyCorp initiated coverage on shares of Southern in a research report on Tuesday, June 4th. They set a “sector weight” rating on the stock. Finally, Wolfe Research set a $79.00 price objective on shares of Dominion Energy and gave the stock a “hold” rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $85.54.
Large investors have recently modified their holdings of the company. Welch & Forbes LLC lifted its stake in shares of Dominion Energy by 39.6% in the second quarter. Welch & Forbes LLC now owns 5,284 shares of the utilities provider’s stock valued at $409,000 after purchasing an additional 1,500 shares during the period. 6 Meridian lifted its stake in shares of Dominion Energy by 1.9% in the second quarter. 6 Meridian now owns 7,011 shares of the utilities provider’s stock valued at $542,000 after purchasing an additional 134 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Dominion Energy by 29.6% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 32,449 shares of the utilities provider’s stock valued at $2,509,000 after purchasing an additional 7,419 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Dominion Energy by 6.7% in the second quarter. CENTRAL TRUST Co now owns 49,588 shares of the utilities provider’s stock valued at $3,863,000 after purchasing an additional 3,127 shares during the period. Finally, Smith Salley & Associates lifted its stake in shares of Dominion Energy by 12.0% in the second quarter. Smith Salley & Associates now owns 178,834 shares of the utilities provider’s stock valued at $13,826,000 after purchasing an additional 19,136 shares during the period. 63.80% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy stock traded down $0.41 during midday trading on Friday, hitting $77.50. 3,009,700 shares of the company’s stock were exchanged, compared to its average volume of 4,296,826. Dominion Energy has a 12-month low of $67.41 and a 12-month high of $79.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.61. The stock has a market cap of $62.69 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 3.87 and a beta of 0.27. The business has a 50 day moving average price of $76.91.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, June 7th were issued a $0.9175 dividend. This represents a $3.67 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Thursday, June 6th. Dominion Energy’s payout ratio is 90.62%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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