Dominion Energy (NYSE:D) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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

Dominion Energy Stock Down 0.1 %

Shares of D stock traded down $0.07 during mid-day trading on Friday, hitting $56.64. The stock had a trading volume of 326,676 shares, compared to its average volume of 4,518,654. Dominion Energy has a 12-month low of $44.17 and a 12-month high of $61.97. The firm has a market capitalization of $47.57 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 1.18 and a beta of 0.61. The firm’s 50-day moving average is $54.43 and its two-hundred day moving average is $56.27. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Friday, February 28th. Dominion Energy’s dividend payout ratio is 93.68%.

Analysts Set New Price Targets

D has been the topic of several analyst reports. The Goldman Sachs Group reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. Finally, Scotiabank boosted their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.