Dominion Energy, Inc. (NYSE:D) – Analysts at Seaport Global Securities issued their FY2023 earnings per share estimates for shares of Dominion Energy in a research report issued to clients and investors on Wednesday, November 18th. Seaport Global Securities analyst A. Storozynski expects that the utilities provider will earn $4.41 per share for the year.
D has been the topic of several other reports. Wells Fargo & Company restated a “hold” rating on shares of Dominion Energy in a research note on Friday, July 31st. BMO Capital Markets upgraded shares of Dominion Energy from a “market perform” rating to an “outperform” rating and upped their price target for the company from $86.00 to $88.00 in a research note on Monday, November 2nd. Zacks Investment Research downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research note on Thursday, October 29th. KeyCorp cut shares of Dominion Energy to a “hold” rating in a research report on Monday, August 17th. Finally, Argus cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and an average target price of $83.18.
D stock opened at $79.76 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.13. The company’s 50-day simple moving average is $81.94 and its 200 day simple moving average is $80.34. Dominion Energy has a 52 week low of $57.79 and a 52 week high of $90.89. The company has a market capitalization of $65.07 billion, a PE ratio of -3,988.00, a price-to-earnings-growth ratio of 6.69 and a beta of 0.37.
Dominion Energy (NYSE:D) last released its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.08. Dominion Energy had a net margin of 0.10% and a return on equity of 12.19%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the company earned $1.18 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 20th. Shareholders of record on Friday, December 4th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Thursday, December 3rd. Dominion Energy’s dividend payout ratio is presently 88.68%.
In other news, Chairman Thomas F. Farrell II sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $81.49, for a total transaction of $4,074,500.00. Following the completion of the sale, the chairman now owns 978,079 shares of the company’s stock, valued at approximately $79,703,657.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 150,000 shares of company stock valued at $12,120,000 in the last three months. Insiders own 0.26% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Cozad Asset Management Inc. grew its holdings in shares of Dominion Energy by 1.8% during the second quarter. Cozad Asset Management Inc. now owns 15,571 shares of the utilities provider’s stock worth $1,264,000 after purchasing an additional 276 shares in the last quarter. Principal Financial Group Inc. lifted its position in Dominion Energy by 6.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,199,034 shares of the utilities provider’s stock worth $97,338,000 after buying an additional 69,543 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in Dominion Energy by 28.2% in the 2nd quarter. Koshinski Asset Management Inc. now owns 3,663 shares of the utilities provider’s stock worth $297,000 after buying an additional 805 shares during the last quarter. Surevest LLC lifted its position in Dominion Energy by 11.1% in the third quarter. Surevest LLC now owns 42,813 shares of the utilities provider’s stock valued at $3,379,000 after purchasing an additional 4,289 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its position in Dominion Energy by 51.1% in the second quarter. Rafferty Asset Management LLC now owns 20,744 shares of the utilities provider’s stock valued at $1,684,000 after purchasing an additional 7,019 shares during the last quarter. 60.79% of the stock is owned by institutional investors.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. The company's Dominion Energy Virginia segment engages in the regulated electric generation, transmission, and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Gas Transmission & Storage segment operates interstate natural gas transmission pipelines and underground storage systems, as well as engages in nonregulated retail natural gas marketing, and development of renewable natural gas and LNG infrastructure.
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