Dominion Energy (NYSE:D) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Dominion Energy (NYSE:D) released its quarterly earnings data on Friday. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05, MarketWatch Earnings reports. Dominion Energy had a return on equity of 11.97% and a net margin of 10.80%. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the prior year, the firm posted $0.77 EPS. The firm’s quarterly revenue was down 9.7% on a year-over-year basis.

D opened at $81.03 on Friday. The stock has a market cap of $68.00 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 7.45 and a beta of 0.42. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.47 and a current ratio of 0.63. The firm’s fifty day moving average is $79.88 and its 200 day moving average is $80.54. Dominion Energy has a fifty-two week low of $57.79 and a fifty-two week high of $90.89.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Stockholders of record on Friday, September 4th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.64%. Dominion Energy’s payout ratio is 88.68%.

A number of equities analysts have weighed in on the company. BMO Capital Markets lowered Dominion Energy from a “market perform” rating to an “underperform” rating and set a $68.00 target price for the company. in a research report on Tuesday, July 7th. Credit Suisse Group cut shares of Dominion Energy from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a report on Tuesday, July 7th. Mizuho cut shares of Dominion Energy from a “neutral” rating to an “underperform” rating and set a $68.00 target price on the stock. in a report on Tuesday, July 7th. JPMorgan Chase & Co. decreased their target price on shares of Dominion Energy from $87.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, May 27th. Finally, Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Wednesday, May 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $82.06.

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.

Further Reading: Capital Gains Distribution

Earnings History for Dominion Energy (NYSE:D)

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