Dominion Energy (NYSE:D) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Dominion Energy (NYSE:D) issued its quarterly earnings data on Friday. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period last year, the company posted $0.77 EPS. The business’s revenue was up 3.4% on a year-over-year basis.

Dominion Energy Price Performance

Shares of NYSE D traded down $0.54 during mid-day trading on Friday, reaching $58.99. The company’s stock had a trading volume of 8,602,553 shares, compared to its average volume of 3,889,809. The stock has a 50-day moving average of $57.87 and a two-hundred day moving average of $54.05. The stock has a market capitalization of $49.49 billion, a P/E 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 has a 1-year low of $40.44 and a 1-year high of $61.97.

Dominion Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Scotiabank lifted their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. BMO Capital Markets lifted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price target for the company. Finally, Barclays lifted their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and a consensus target price of $55.40.

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.