Zacks: Brokerages Expect Dominion Energy, Inc. (NYSE:D) Will Post Quarterly Sales of $4.30 Billion

Brokerages expect Dominion Energy, Inc. (NYSE:DGet Rating) to report $4.30 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Dominion Energy’s earnings. The lowest sales estimate is $4.25 billion and the highest is $4.36 billion. Dominion Energy reported sales of $3.87 billion during the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The business is expected to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Dominion Energy will report full year sales of $15.70 billion for the current fiscal year, with estimates ranging from $15.46 billion to $15.94 billion. For the next year, analysts forecast that the firm will post sales of $16.64 billion, with estimates ranging from $16.36 billion to $16.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Dominion Energy.

Dominion Energy (NYSE:DGet Rating) last issued its quarterly earnings data on Friday, February 11th. The utilities provider reported $0.90 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.90. Dominion Energy had a return on equity of 12.70% and a net margin of 23.55%. The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis.

D has been the topic of several recent analyst reports. StockNews.com initiated coverage on Dominion Energy in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley upped their price objective on Dominion Energy from $82.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 22nd. KeyCorp upped their price objective on Dominion Energy from $86.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. Barclays began coverage on Dominion Energy in a research note on Tuesday, January 25th. They set an “equal weight” rating and a $86.00 price objective on the stock. Finally, UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $81.00 to $98.00 in a research note on Wednesday, January 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $84.78.

A number of hedge funds have recently modified their holdings of D. Accurate Wealth Management LLC grew its stake in Dominion Energy by 4.2% in the 4th quarter. Accurate Wealth Management LLC now owns 3,137 shares of the utilities provider’s stock valued at $241,000 after buying an additional 125 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of Dominion Energy by 0.4% during the 4th quarter. Pinnacle Associates Ltd. now owns 36,300 shares of the utilities provider’s stock worth $2,852,000 after purchasing an additional 128 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Dominion Energy by 4.4% during the 4th quarter. Capital Advisors Ltd. LLC now owns 3,035 shares of the utilities provider’s stock worth $238,000 after purchasing an additional 129 shares in the last quarter. Delta Asset Management LLC TN grew its position in shares of Dominion Energy by 1.4% during the 4th quarter. Delta Asset Management LLC TN now owns 9,289 shares of the utilities provider’s stock worth $730,000 after purchasing an additional 129 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its position in shares of Dominion Energy by 2.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 4,947 shares of the utilities provider’s stock worth $389,000 after purchasing an additional 129 shares in the last quarter. 67.04% of the stock is owned by institutional investors and hedge funds.

NYSE:D opened at $87.40 on Monday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.65 and a current ratio of 0.84. Dominion Energy has a one year low of $70.37 and a one year high of $88.78. The business’s 50-day simple moving average is $82.31 and its 200 day simple moving average is $78.49. The stock has a market cap of $70.85 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 3.49 and a beta of 0.41.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 20th. Investors of record on Friday, March 4th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.05%. This is a positive change from Dominion Energy’s previous quarterly dividend of $0.63. The ex-dividend date was Thursday, March 3rd. Dominion Energy’s dividend payout ratio is 67.09%.

Dominion Energy Company Profile (Get Rating)

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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