Dominion Energy (D) Updates Q4 Earnings Guidance

Dominion Energy (NYSE:D) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.80 to $0.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.02. Dominion Energy also updated its FY 2018 guidance to $3.95-4.10 EPS.

Several research analysts have recently issued reports on D shares. Zacks Investment Research raised Dominion Energy from a hold rating to a buy rating and set a $80.00 price target for the company in a research note on Tuesday, September 18th. Scotiabank started coverage on Dominion Energy in a research note on Tuesday, July 24th. They issued a hold rating and a $167.00 price target for the company. Macquarie set a $74.00 price target on Dominion Energy and gave the stock a buy rating in a research note on Tuesday, September 25th. Guggenheim reissued a buy rating and issued a $77.00 price target on shares of Dominion Energy in a research note on Monday, July 23rd. Finally, Argus increased their price target on Dominion Energy from $74.00 to $79.00 and gave the stock a buy rating in a research note on Wednesday, September 19th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $84.50.

Shares of NYSE:D traded down $0.44 on Friday, hitting $69.89. The company’s stock had a trading volume of 4,654,451 shares, compared to its average volume of 4,057,719. Dominion Energy has a 12 month low of $61.53 and a 12 month high of $85.30. The stock has a market cap of $47.62 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.82 and a beta of 0.23. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.36 and a current ratio of 0.52.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, November 1st. The utilities provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.02. The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.41 billion. Dominion Energy had a return on equity of 13.13% and a net margin of 23.69%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. On average, equities research analysts predict that Dominion Energy will post 4.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, December 7th will be issued a $0.835 dividend. The ex-dividend date is Thursday, December 6th. This represents a $3.34 annualized dividend and a dividend yield of 4.78%. Dominion Energy’s dividend payout ratio (DPR) is 92.78%.

In other news, Director John W. Harris acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 28th. The stock was acquired at an average price of $71.15 per share, for a total transaction of $711,500.00. Following the completion of the acquisition, the director now directly owns 17,495 shares in the company, valued at approximately $1,244,769.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.37% of the company’s stock.

Dominion Energy Company Profile

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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