Analysts Anticipate Dominion Energy Inc (NYSE:D) Will Post Quarterly Sales of $4.04 Billion

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Analysts expect Dominion Energy Inc (NYSE:D) to report $4.04 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Dominion Energy’s earnings. The lowest sales estimate is $4.02 billion and the highest is $4.07 billion. Dominion Energy posted sales of $3.09 billion during the same quarter last year, which would suggest a positive year over year growth rate of 30.7%. The business is expected to report its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Dominion Energy will report full year sales of $17.90 billion for the current year, with estimates ranging from $17.65 billion to $18.22 billion. For the next financial year, analysts anticipate that the firm will report sales of $18.61 billion, with estimates ranging from $18.02 billion to $19.02 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Dominion Energy.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, May 3rd. The utilities provider reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). Dominion Energy had a net margin of 9.19% and a return on equity of 12.35%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 11.3% on a year-over-year basis.

Several research firms have recently issued reports on D. Bank of America raised Dominion Energy from an “underperform” rating to a “neutral” rating and upped their target price for the company from $79.00 to $80.00 in a report on Thursday. They noted that the move was a valuation call. ValuEngine downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday. KeyCorp started coverage on shares of Dominion Energy in a report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. TheStreet cut Dominion Energy from a “b” rating to a “c+” rating in a research note on Friday, May 3rd. Finally, Credit Suisse Group set a $77.00 price objective on Dominion Energy and gave the company a “hold” rating in a research note on Monday, April 22nd. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $85.85.

A number of institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC lifted its stake in shares of Dominion Energy by 6.5% in the first quarter. Valeo Financial Advisors LLC now owns 2,231 shares of the utilities provider’s stock worth $171,000 after buying an additional 136 shares in the last quarter. Dividend Assets Capital LLC increased its position in shares of Dominion Energy by 2.4% during the first quarter. Dividend Assets Capital LLC now owns 5,848 shares of the utilities provider’s stock valued at $448,000 after acquiring an additional 136 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Dominion Energy by 12.8% during the first quarter. Versant Capital Management Inc now owns 1,232 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 140 shares during the last quarter. Smithfield Trust Co. grew its holdings in shares of Dominion Energy by 1.1% in the first quarter. Smithfield Trust Co. now owns 12,789 shares of the utilities provider’s stock valued at $981,000 after purchasing an additional 140 shares in the last quarter. Finally, Delta Asset Management LLC TN grew its holdings in shares of Dominion Energy by 1.3% in the first quarter. Delta Asset Management LLC TN now owns 10,780 shares of the utilities provider’s stock valued at $826,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 63.82% of the company’s stock.

D traded up $0.18 during midday trading on Tuesday, reaching $76.25. 50,739 shares of the company were exchanged, compared to its average volume of 3,976,767. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.44 and a current ratio of 0.61. The firm has a market capitalization of $60.24 billion, a P/E ratio of 18.84, a P/E/G ratio of 3.67 and a beta of 0.26. Dominion Energy has a one year low of $64.20 and a one year high of $78.31.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be given a dividend of $0.9175 per share. The ex-dividend date is Thursday, June 6th. This represents a $3.67 dividend on an annualized basis and a yield of 4.81%. Dominion Energy’s payout ratio is 90.62%.

Dominion Energy Company Profile

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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