Dominion Energy (NYSE:D) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Dominion Energy (NYSE:D - Get Free Report) announced its quarterly earnings data on Friday. The utilities provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.05, Briefing.com reports. Dominion Energy had a net margin of 16.95% and a return on equity of 8.39%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis.

Dominion Energy Stock Performance

Shares of NYSE D opened at $57.62 on Tuesday. Dominion Energy has a 12 month low of $43.53 and a 12 month high of $61.97. The company has a market cap of $48.34 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.57 and a beta of 0.59. The business's 50 day moving average is $57.89 and its two-hundred day moving average is $54.21. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's dividend payout ratio (DPR) is currently 93.68%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on D. BMO Capital Markets lifted their price target on Dominion Energy from $53.00 to $57.00 and gave the company a "market perform" rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Scotiabank increased their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They set a "hold" rating and a $58.00 price target on the stock. Finally, Barclays upped their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $55.40.

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.