Brokerages expect that Dominion Energy, Inc. (NYSE:D – Get Rating) will report $3.35 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Dominion Energy’s earnings, with estimates ranging from $3.28 billion to $3.43 billion. Dominion Energy reported sales of $3.04 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 10.2%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Dominion Energy will report full-year sales of $15.70 billion for the current fiscal year, with estimates ranging from $15.49 billion to $15.91 billion. For the next year, analysts anticipate that the business will post sales of $16.74 billion, with estimates ranging from $16.61 billion to $16.88 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Dominion Energy.
Dominion Energy (NYSE:D – Get Rating) last released its earnings results on Thursday, May 5th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.01). The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.31 billion. Dominion Energy had a net margin of 20.81% and a return on equity of 12.99%. Dominion Energy’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS.
Dominion Energy stock traded up $0.71 during trading hours on Monday, reaching $83.61. The stock had a trading volume of 2,626,646 shares, compared to its average volume of 3,411,659. The stock has a market cap of $67.83 billion, a PE ratio of 23.35, a PEG ratio of 3.20 and a beta of 0.41. Dominion Energy has a 52 week low of $70.37 and a 52 week high of $88.78. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.79 and a quick ratio of 0.65. The company has a fifty day simple moving average of $84.02 and a 200-day simple moving average of $79.77.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 20th. Stockholders of record on Friday, June 3rd will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, June 2nd. Dominion Energy’s dividend payout ratio (DPR) is presently 74.58%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its stake in Dominion Energy by 2.7% during the first quarter. Northern Trust Corp now owns 8,883,631 shares of the utilities provider’s stock valued at $754,843,000 after purchasing an additional 234,077 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its position in Dominion Energy by 8.1% during the first quarter. Jaffetilchin Investment Partners LLC now owns 7,304 shares of the utilities provider’s stock valued at $606,000 after acquiring an additional 548 shares during the last quarter. Ancora Advisors LLC increased its position in Dominion Energy by 9.7% during the first quarter. Ancora Advisors LLC now owns 20,344 shares of the utilities provider’s stock valued at $1,545,000 after acquiring an additional 1,795 shares during the last quarter. Stonebridge Capital Advisors LLC increased its position in Dominion Energy by 1.4% during the first quarter. Stonebridge Capital Advisors LLC now owns 122,585 shares of the utilities provider’s stock valued at $10,416,000 after acquiring an additional 1,726 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Dominion Energy by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,069,994 shares of the utilities provider’s stock worth $345,827,000 after purchasing an additional 131,766 shares during the last quarter. 68.39% of the stock is currently owned by institutional investors.
Dominion Energy Company Profile (Get Rating)
Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
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