Equities research analysts expect Dominion Energy Inc (NYSE:D) to report sales of $4.14 billion for the current quarter, according to Zacks. Two analysts have provided estimates for Dominion Energy’s earnings, with the highest sales estimate coming in at $4.22 billion and the lowest estimate coming in at $4.07 billion. Dominion Energy posted sales of $3.09 billion in the same quarter last year, which would indicate a positive year over year growth rate of 34%. The firm is scheduled to report its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Dominion Energy will report full year sales of $17.90 billion for the current fiscal year, with estimates ranging from $17.65 billion to $18.11 billion. For the next financial year, analysts forecast that the business will report sales of $18.48 billion, with estimates ranging from $18.02 billion to $18.90 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Dominion Energy.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, May 3rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.02). Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same period in the previous year, the business posted $1.14 EPS. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year.
NYSE D traded up $0.23 during mid-day trading on Monday, hitting $77.56. The company’s stock had a trading volume of 1,058,607 shares, compared to its average volume of 2,919,501. Dominion Energy has a twelve month low of $61.53 and a twelve month high of $77.91. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 1.35. The company has a market cap of $62.05 billion, a P/E ratio of 19.15, a PEG ratio of 3.76 and a beta of 0.23.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.9175 per share. This represents a $3.67 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date is Thursday, June 6th. Dominion Energy’s dividend payout ratio is 90.62%.
In other Dominion Energy news, Director D Maybank Hagood bought 1,965 shares of the stock in a transaction dated Wednesday, March 13th. The shares were bought at an average cost of $76.34 per share, for a total transaction of $150,008.10. Following the purchase, the director now directly owns 2,975 shares of the company’s stock, valued at approximately $227,111.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert H. Spilman, Jr. sold 1,215 shares of Dominion Energy stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $76.01, for a total value of $92,352.15. Following the sale, the director now owns 23,598 shares in the company, valued at $1,793,683.98. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in D. JPMorgan Chase & Co. raised its stake in shares of Dominion Energy by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 605,578 shares of the utilities provider’s stock worth $42,560,000 after purchasing an additional 11,178 shares during the period. Morgan Stanley raised its stake in shares of Dominion Energy by 46.1% during the 3rd quarter. Morgan Stanley now owns 3,759,391 shares of the utilities provider’s stock worth $264,209,000 after purchasing an additional 1,185,720 shares during the period. Vanguard Group Inc raised its stake in shares of Dominion Energy by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 49,883,013 shares of the utilities provider’s stock worth $3,505,778,000 after purchasing an additional 825,191 shares during the period. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Dominion Energy during the 4th quarter worth $200,000. Finally, Personal Capital Advisors Corp bought a new stake in shares of Dominion Energy during the 4th quarter worth $234,000. Institutional investors own 62.35% of the company’s stock.
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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