Dominion Energy (NYSE:D) Announces Quarterly Earnings Results

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

Dominion Energy Trading Down 0.9 %

Shares of NYSE:D traded down $0.54 during trading on Friday, reaching $58.99. The stock had a trading volume of 8,602,553 shares, compared to its average volume of 3,889,809. Dominion Energy has a 52 week low of $40.44 and a 52 week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. The firm’s fifty day moving average is $57.87 and its 200 day moving average is $54.05. The stock has a market cap of $49.49 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 1.58 and a beta of 0.59.

Dominion Energy Announces Dividend

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 given 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%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on D shares. BMO Capital Markets increased their price target on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 target price for the company. Scotiabank increased their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $55.40.

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.