Dominion Energy, Inc. (NYSE:D) Declares $0.67 Quarterly Dividend

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 given 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 4.65%. The ex-dividend date is Friday, February 28th.

Dominion Energy has increased its dividend payment by an average of 2.0% per year over the last three years. Dominion Energy has a payout ratio of 74.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dominion Energy to earn $3.60 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 74.2%.

Dominion Energy Trading Up 1.0 %

Shares of NYSE:D opened at $57.44 on Wednesday. The company has a 50 day moving average of $54.72 and a 200-day moving average of $56.41. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The firm has a market cap of $48.25 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.22 and a beta of 0.61. Dominion Energy has a twelve month low of $44.17 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last announced its earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. As a group, analysts anticipate that Dominion Energy will post 3.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price for the company. Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price 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.