Media stories about Dominion Energy (NYSE:D) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dominion Energy earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 45.0193755695189 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Dominion threatens to leave SCE&G deal if South Carolina lawmakers cut rates (utilitydive.com)
- Dominion says work will continue on pipeline project (newsplex.com)
- Cheniere Energy : First LNG shipment from US reaches Maharashtra (4-traders.com)
- Virginia Supreme Court Rules Against Dominion in Solar Case (nbc29.com)
- Dominion Energy makes moves to boost credit profile including selling 20 million shares of stock (richmond.com)
Several equities analysts have issued reports on D shares. Morgan Stanley increased their price objective on shares of Dominion Energy from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. JPMorgan Chase raised shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $82.00 price objective on the stock in a report on Thursday, December 14th. Bank of America set a $87.00 price objective on shares of Dominion Energy and gave the company a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Wednesday, January 17th. Finally, Hilliard Lyons raised shares of Dominion Energy from a “neutral” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Tuesday, January 30th. Fourteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $79.27.
Dominion Energy (NYSE:D) last posted its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.02. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.47 billion. Dominion Energy had a net margin of 24.92% and a return on equity of 12.67%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. research analysts anticipate that Dominion Energy will post 4.03 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Stockholders of record on Friday, March 2nd were paid a $0.835 dividend. This is an increase from Dominion Energy’s previous quarterly dividend of $0.77. This represents a $3.34 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend was Thursday, March 1st. Dominion Energy’s dividend payout ratio (DPR) is currently 92.78%.
In related news, Director John W. Harris sold 2,665 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $80.60, for a total transaction of $214,799.00. Following the completion of the sale, the director now directly owns 13,282 shares in the company, valued at $1,070,529.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph M. Rigby acquired 2,679 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average price of $74.65 per share, with a total value of $199,987.35. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company’s stock.
About Dominion Energy
Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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