Dominion Energy (NYSE:D) Releases Earnings Results, Beats Expectations By $0.06 EPS

Dominion Energy (NYSE:D) announced its quarterly earnings data on Friday. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06, Briefing.com reports. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period last year, the firm earned $0.77 EPS. The company’s revenue was up 3.4% on a year-over-year basis.

Dominion Energy Trading Down 0.9 %

NYSE D traded down $0.54 during trading on Friday, hitting $58.99. The stock had a trading volume of 8,602,553 shares, compared to its average volume of 3,889,809. Dominion Energy has a one year low of $40.44 and a one year high of $61.97. The stock has a 50 day simple moving average of $57.87 and a 200 day simple moving average of $54.05. The stock has a market capitalization of $49.49 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 1.58 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.53%. Dominion Energy’s payout ratio is 140.53%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets increased their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Scotiabank raised their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Finally, Barclays raised their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus target price of $55.40.

Dominion Energy Company Profile

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.