Dominion Energy, Inc. (NYSE:D) – Investment analysts at KeyCorp lifted their FY2021 EPS estimates for Dominion Energy in a research report issued to clients and investors on Wednesday, January 12th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $3.91 for the year, up from their prior forecast of $3.89. KeyCorp has a “Overweight” rating and a $86.00 price target on the stock. KeyCorp also issued estimates for Dominion Energy’s FY2022 earnings at $4.16 EPS, FY2023 earnings at $4.36 EPS, FY2024 earnings at $4.61 EPS and FY2025 earnings at $4.77 EPS.
Several other brokerages have also weighed in on D. TheStreet upgraded shares of Dominion Energy from a “c+” rating to a “b” rating in a report on Friday, November 5th. Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a research report on Wednesday, December 1st. The Goldman Sachs Group downgraded shares of Dominion Energy from a “neutral” rating to a “sell” rating and set a $72.00 target price for the company. in a research report on Thursday. Morgan Stanley lifted their price objective on shares of Dominion Energy from $78.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 21st. Finally, Mizuho decreased their price objective on shares of Dominion Energy from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Tuesday, October 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $83.56.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, November 5th. The utilities provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.05. Dominion Energy had a net margin of 19.32% and a return on equity of 12.56%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the company posted $1.08 EPS. The company’s quarterly revenue was down 11.9% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Monday, December 20th. Stockholders of record on Friday, December 3rd were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, December 2nd. Dominion Energy’s dividend payout ratio is 79.50%.
In related news, Director Susan N. Story acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 24th. The stock was bought at an average cost of $74.42 per share, for a total transaction of $111,630.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert M. Blue purchased 3,321 shares of the company’s stock in a transaction on Wednesday, November 10th. The stock was acquired at an average price of $75.28 per share, with a total value of $250,004.88. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 5,817 shares of company stock worth $436,614. 0.26% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Financial Network Wealth Management LLC boosted its stake in Dominion Energy by 1.8% in the second quarter. Financial Network Wealth Management LLC now owns 7,417 shares of the utilities provider’s stock valued at $546,000 after acquiring an additional 133 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Dominion Energy by 1.4% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 9,482 shares of the utilities provider’s stock valued at $745,000 after purchasing an additional 135 shares in the last quarter. Eqis Capital Management Inc. grew its position in Dominion Energy by 4.4% in the second quarter. Eqis Capital Management Inc. now owns 3,197 shares of the utilities provider’s stock valued at $235,000 after purchasing an additional 136 shares in the last quarter. Perigon Wealth Management LLC grew its position in Dominion Energy by 3.3% in the third quarter. Perigon Wealth Management LLC now owns 4,305 shares of the utilities provider’s stock valued at $314,000 after purchasing an additional 136 shares in the last quarter. Finally, Sterling Investment Advisors Ltd. grew its position in Dominion Energy by 4.3% in the third quarter. Sterling Investment Advisors Ltd. now owns 3,281 shares of the utilities provider’s stock valued at $240,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 66.63% of the company’s stock.
About Dominion Energy
Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.
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