Dominion Energy Inc (NYSE:D) – Research analysts at KeyCorp issued their Q3 2018 EPS estimates for Dominion Energy in a report released on Thursday, October 18th. KeyCorp analyst P. Ridzon expects that the utilities provider will post earnings of $1.11 per share for the quarter. KeyCorp also issued estimates for Dominion Energy’s FY2018 earnings at $4.15 EPS.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Dominion Energy from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Tuesday, September 18th. Wells Fargo & Co restated a “hold” rating and set a $76.00 target price (up previously from $73.00) on shares of Dominion Energy in a research note on Monday, September 17th. JPMorgan Chase & Co. upgraded shares of Dominion Energy from a “neutral” rating to an “overweight” rating and set a $78.00 target price on the stock in a research note on Tuesday, October 9th. Argus raised their target price on shares of Dominion Energy from $74.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, September 19th. They noted that the move was a valuation call. Finally, Howard Weil assumed coverage on shares of Dominion Energy in a research note on Tuesday, July 24th. They set a “sector perform” rating on the stock. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Dominion Energy presently has a consensus rating of “Hold” and an average price target of $84.75.
D opened at $73.27 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $48.05 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 2.93 and a beta of 0.23. Dominion Energy has a 12-month low of $61.53 and a 12-month high of $85.30.
Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.04 billion. Dominion Energy had a net margin of 23.69% and a return on equity of 13.13%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share.
In other news, Director John W. Harris bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were bought at an average price of $71.15 per share, for a total transaction of $711,500.00. Following the purchase, the director now owns 17,495 shares in the company, valued at $1,244,769.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment Corp IL bought a new stake in shares of Dominion Energy during the second quarter valued at approximately $5,195,000. Independent Advisor Alliance increased its position in Dominion Energy by 12.2% in the second quarter. Independent Advisor Alliance now owns 40,595 shares of the utilities provider’s stock worth $2,607,000 after purchasing an additional 4,427 shares during the last quarter. Beacon Investment Advisory Services Inc. increased its position in Dominion Energy by 25.7% in the second quarter. Beacon Investment Advisory Services Inc. now owns 48,020 shares of the utilities provider’s stock worth $3,274,000 after purchasing an additional 9,813 shares during the last quarter. Northstar Investment Advisors LLC increased its position in Dominion Energy by 25.7% in the second quarter. Northstar Investment Advisors LLC now owns 122,520 shares of the utilities provider’s stock worth $8,353,000 after purchasing an additional 25,055 shares during the last quarter. Finally, Twin Tree Management LP increased its position in Dominion Energy by 20.4% in the second quarter. Twin Tree Management LP now owns 59,813 shares of the utilities provider’s stock worth $4,078,000 after purchasing an additional 10,117 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.
Dominion Energy Company Profile
Dominion Energy, Inc produces and transports energy in the United States. 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 through gas, coal, nuclear, oil, renewables, biomass, hydro, solar, and power purchase agreements; and related energy supply operations.
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