Dominion Energy Inc (NYSE:D) declared a quarterly dividend on Thursday, July 30th, RTT News reports. Shareholders of record on Friday, September 4th will be given a dividend of 0.94 per share by the utilities provider on Sunday, September 20th. This represents a $3.76 dividend on an annualized basis and a yield of 4.64%.
Dominion Energy has increased its dividend by an average of 31.1% per year over the last three years and has increased its dividend every year for the last 11 years. Dominion Energy has a payout ratio of 86.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Dominion Energy to earn $3.86 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 97.4%.
Shares of NYSE:D opened at $81.03 on Friday. The company has a market capitalization of $68.00 billion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 7.45 and a beta of 0.42. The firm’s 50 day simple moving average is $79.88 and its 200 day simple moving average is $80.54. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.63 and a quick ratio of 0.47. Dominion Energy has a fifty-two week low of $57.79 and a fifty-two week high of $90.89.
D has been the topic of several research analyst reports. Scotiabank raised their target price on shares of Dominion Energy from $84.00 to $86.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 7th. Seaport Global Securities assumed coverage on shares of Dominion Energy in a research note on Tuesday, June 9th. They set a “buy” rating and a $93.00 price target for the company. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Wednesday, May 20th. Mizuho cut shares of Dominion Energy from a “neutral” rating to an “underperform” rating and set a $68.00 price target for the company. in a research note on Tuesday, July 7th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Dominion Energy in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.06.
About Dominion Energy
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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