Dominion Energy (NYSE:D) Posts Earnings Results

Dominion Energy (NYSE:D) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates 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 Price Performance

NYSE:D traded down $0.07 during trading hours on Friday, reaching $56.64. The stock had a trading volume of 326,676 shares, compared to its average volume of 4,518,654. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy has a 52 week low of $44.17 and a 52 week high of $61.97. The company has a 50 day moving average price of $54.43 and a two-hundred day moving average price of $56.27. The stock has a market capitalization of $47.57 billion, a PE ratio of 19.85, a PEG ratio of 1.18 and a beta of 0.61.

Dominion Energy Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Scotiabank lifted their price objective 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. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research report 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. According to MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Company Profile

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.