Dominion Energy Inc. Expected to Earn FY2017 Earnings of $3.60 Per Share (D)
Dominion Energy Inc. (NYSE:D) – Equities research analysts at Gabelli issued their FY2017 earnings per share estimates for shares of Dominion Energy in a note issued to investors on Wednesday. Gabelli analyst T. Winter expects that the utilities provider will post earnings of $3.60 per share for the year. Gabelli currently has a “Hold” rating on the stock. Gabelli also issued estimates for Dominion Energy’s FY2018 earnings at $4.00 EPS.
Dominion Energy (NYSE:D) last released its quarterly earnings results on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.14 EPS.
D has been the topic of several other research reports. Bank of America Corporation initiated coverage on Dominion Energy in a research note on Tuesday, October 24th. They set a “neutral” rating and a $80.00 price target on the stock. KeyCorp restated a “hold” rating on shares of Dominion Energy in a research note on Friday, October 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Dominion Energy in a report on Thursday, September 14th. Citigroup Inc. upped their price target on Dominion Energy from $76.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $77.00 price target on shares of Dominion Energy in a report on Monday, August 21st. Thirteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Dominion Energy has an average rating of “Hold” and an average price target of $80.70.
Shares of Dominion Energy (NYSE D) opened at $80.56 on Monday. The firm has a market capitalization of $51,913.55, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 3.91 and a beta of 0.29. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67. Dominion Energy has a 1 year low of $69.51 and a 1 year high of $82.13.
A number of institutional investors and hedge funds have recently made changes to their positions in D. WINTON GROUP Ltd purchased a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $1,115,000. Verition Fund Management LLC purchased a new stake in shares of Dominion Energy during the 2nd quarter worth approximately $995,000. Westwood Holdings Group Inc. raised its position in shares of Dominion Energy by 27.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 7,769 shares of the utilities provider’s stock worth $595,000 after purchasing an additional 1,674 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Dominion Energy during the 2nd quarter worth approximately $528,000. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Dominion Energy by 3.8% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 41,042 shares of the utilities provider’s stock worth $3,145,000 after purchasing an additional 1,488 shares during the last quarter. 64.45% of the stock is currently owned by institutional investors.
In other news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $80.71, for a total transaction of $453,267.36. Following the sale, the director now owns 18,920 shares in the company, valued at $1,527,033.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st will be paid a $0.77 dividend. The ex-dividend date is Thursday, November 30th. This is a boost from Dominion Energy’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 3.82%. Dominion Energy’s dividend payout ratio (DPR) is currently 89.09%.
Dominion Energy Company Profile
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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