Dominion Energy (D) Set to Announce Quarterly Earnings on Thursday

Dominion Energy (NYSE:D) will be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm had revenue of $3.53 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was down 7.2% on a year-over-year basis. On average, analysts expect Dominion Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $51.25 on Thursday. Dominion Energy has a one year low of $39.18 and a one year high of $57.90. The firm has a market capitalization of $42.93 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 1.99 and a beta of 0.61. The business has a 50-day simple moving average of $47.97 and a 200 day simple moving average of $46.28. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 1st were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.21%. The ex-dividend date was Thursday, February 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 114.59%.

Insider Buying and Selling at Dominion Energy

In other news, CEO Robert M. Blue acquired 21,735 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $45.91 per share, with a total value of $997,853.85. Following the transaction, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert M. Blue bought 21,735 shares of the stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $45.91 per share, with a total value of $997,853.85. Following the completion of the acquisition, the chief executive officer now directly owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on D shares. Guggenheim reduced their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. Mizuho reduced their price objective on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, March 6th. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a report on Monday, March 11th. StockNews.com lowered Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Bank of America increased their price objective on Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average price target of $49.10.

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.