Dominion Energy (NYSE:D) Issues Quarterly Earnings Results

Dominion Energy (NYSE:D) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04, Zacks reports. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%.

Dominion Energy Stock Down 0.2 %

NYSE D traded down $0.14 during trading on Wednesday, reaching $55.58. 381,817 shares of the company’s stock were exchanged, compared to its average volume of 4,482,296. The firm has a market capitalization of $46.68 billion, a PE ratio of 19.52, a P/E/G ratio of 1.18 and a beta of 0.61. Dominion Energy has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company’s fifty day simple moving average is $54.45 and its 200-day simple moving average is $56.27.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.80%. Dominion Energy’s dividend payout ratio is 93.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on D shares. Barclays boosted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.58.

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.