Dominion Energy Inc (NYSE:D) Expected to Post Quarterly Sales of $4.40 Billion
Wall Street analysts expect Dominion Energy Inc (NYSE:D) to announce $4.40 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Dominion Energy’s earnings, with estimates ranging from $4.26 billion to $4.55 billion. Dominion Energy reported sales of $3.45 billion during the same quarter last year, which would suggest a positive year over year growth rate of 27.5%. The firm is expected to issue its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Dominion Energy will report full year sales of $17.43 billion for the current fiscal year, with estimates ranging from $17.15 billion to $17.93 billion. For the next fiscal year, analysts forecast that the firm will post sales of $18.85 billion, with estimates ranging from $17.88 billion to $20.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Dominion Energy.
Dominion Energy (NYSE:D) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $4.21 billion. Dominion Energy had a net margin of 5.94% and a return on equity of 11.74%. The company’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS.
Several institutional investors have recently added to or reduced their stakes in D. Comerica Securities Inc. grew its holdings in shares of Dominion Energy by 23.9% during the fourth quarter. Comerica Securities Inc. now owns 8,878 shares of the utilities provider’s stock worth $634,000 after buying an additional 1,714 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Dominion Energy by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,223,131 shares of the utilities provider’s stock valued at $87,429,000 after purchasing an additional 62,702 shares during the period. Geode Capital Management LLC grew its holdings in shares of Dominion Energy by 23.1% in the fourth quarter. Geode Capital Management LLC now owns 9,056,270 shares of the utilities provider’s stock valued at $646,097,000 after purchasing an additional 1,697,619 shares during the period. USS Investment Management Ltd purchased a new stake in shares of Dominion Energy in the first quarter valued at about $35,444,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Dominion Energy by 30.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 161,758 shares of the utilities provider’s stock valued at $12,404,000 after purchasing an additional 37,896 shares during the period. 65.23% of the stock is owned by institutional investors and hedge funds.
D stock traded down $0.02 during trading on Tuesday, reaching $78.52. The company had a trading volume of 3,215,018 shares, compared to its average volume of 3,153,744. The firm has a 50-day simple moving average of $76.31 and a 200-day simple moving average of $76.32. The company has a market cap of $63.10 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 3.92 and a beta of 0.22. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.42 and a current ratio of 0.60. Dominion Energy has a twelve month low of $67.41 and a twelve month high of $79.47.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be issued a $0.9175 dividend. This represents a $3.67 annualized dividend and a yield of 4.67%. The ex-dividend date is Thursday, September 5th. Dominion Energy’s payout ratio is presently 90.62%.
About Dominion Energy
Dominion Energy, Inc produces and transports energy. 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.
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