Dominion Energy Inc (NYSE:D) – Research analysts at KeyCorp increased their FY2019 earnings per share estimates for shares of Dominion Energy in a report released on Monday, September 9th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $4.14 for the year, up from their prior forecast of $4.07. KeyCorp currently has a “Sector Weight” rating on the stock.
Several other brokerages have also recently issued reports on D. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating and set a $83.00 target price for the company. in a report on Thursday, July 4th. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Co set a $83.00 target price on Dominion Energy and gave the stock a “hold” rating in a research report on Friday, August 30th. Morgan Stanley set a $84.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a report on Friday, August 16th. Finally, Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and upped their target price for the company from $79.00 to $80.00 in a report on Thursday, June 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Dominion Energy presently has an average rating of “Hold” and a consensus target price of $79.58.
Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a return on equity of 11.74% and a net margin of 5.94%. The firm’s revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share.
Large investors have recently bought and sold shares of the stock. Trust Co. of Toledo NA OH increased its position in shares of Dominion Energy by 0.4% during the second quarter. Trust Co. of Toledo NA OH now owns 34,009 shares of the utilities provider’s stock valued at $2,630,000 after purchasing an additional 131 shares during the period. 6 Meridian lifted its holdings in Dominion Energy by 1.9% during the 2nd quarter. 6 Meridian now owns 7,011 shares of the utilities provider’s stock worth $542,000 after buying an additional 134 shares in the last quarter. Sandy Spring Bank boosted its holdings in Dominion Energy by 0.6% in the second quarter. Sandy Spring Bank now owns 24,140 shares of the utilities provider’s stock valued at $1,866,000 after acquiring an additional 140 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Dominion Energy by 13.3% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,190 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 140 shares during the last quarter. Finally, Jolley Asset Management LLC boosted its stake in Dominion Energy by 0.3% in the second quarter. Jolley Asset Management LLC now owns 60,188 shares of the utilities provider’s stock valued at $4,654,000 after acquiring an additional 152 shares during the last quarter. 65.23% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a $0.9175 dividend. This represents a $3.67 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, September 5th. Dominion Energy’s payout ratio is 90.62%.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.
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