Dominion Energy Inc. (NYSE:D) posted its quarterly earnings data on Monday. The utilities provider reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.02, Bloomberg Earnings reports. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.31 billion. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. Dominion Energy updated its Q4 guidance to $0.80-1.00 EPS.
Dominion Energy (NYSE D) opened at 81.48 on Tuesday. The company has a market capitalization of $52.36 billion, a P/E ratio of 23.58 and a beta of 0.28. Dominion Energy has a 52-week low of $69.51 and a 52-week high of $82.05. The stock’s 50 day moving average is $78.42 and its 200-day moving average is $78.29.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 1st will be given a dividend of $0.77 per share. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, November 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.
Several equities research analysts have commented on the stock. Bank of America Corporation assumed coverage on shares of Dominion Energy in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $80.00 price objective for the company. KeyCorp reiterated a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Citigroup Inc. increased their price objective on shares of Dominion Energy from $76.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Zacks Investment Research lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, J P Morgan Chase & Co increased their price objective on shares of Dominion Energy from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Twelve investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Dominion Energy presently has an average rating of “Hold” and a consensus target price of $80.70.
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About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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