Dominion Energy Corporation (NYSE: D) In a statement to investors on Friday, March 17, Seaport Res Ptn Equity analysts said they cut their forecasts for Dominion Energy shares’ earnings for the fiscal year 2024.
A. Storozynski, an analyst at Seaport Res Ptn, forecasts that the provider of utilities will earn $3.53 per share in 2018, a decrease from his earlier forecast of $3.80 per share.
The current average estimate places Dominion Energy’s full-year earnings at $3.99 per share, which is the amount that is predicted to be earned by the company.
According to Seaport Research Ptn., the profits per share for Dominion Energy during the fiscal year 2025 are anticipated to amount to $3.75.
Dominion Energy (NYSE:D) released its most recent quarterly results report on February 8.
The utility company reported earnings per share for the quarter to be $1.06, which is $0.03 more than the consensus estimate of $1.03.
The return on equity for Dominion Energy was 13.35%, and the company’s net margin was 5.79%.
The revenue for the quarter came in at $4.91 billion, significantly higher than the $4.21 billion that analysts had predicted it would be.
The company generated earnings of $0.90 per share during the prior year.
The quarterly income of Dominion Energy saw a rise of 26.6% when compared to the same period the prior year.
The price of a share of Dominion Energy was $55.40 when the market opened on Monday.
The debt-to-equity ratio is 1.49, the current ratio is 0.73, and the quick ratio is 0.60.
All of these numbers are relative to one another.
The stock has a price-to-earnings ratio of 50.83, a price-to-earnings-growth ratio of 0.94, and a beta value of 0.45.
Its market capitalization is currently sitting at $46.27 billion.
Dominion Energy saw a one-year high of $88.78 and a one-year low of $52.92 last year.
The moving average for the stock over the past 50 days is $59.11, and the moving average for the past 200 days is $64.04.
In addition, the letter D has been referenced in a few more reports. Guggenheim lowered their price target on Dominion Energy shares from $69.00 to $63.00 and set the stock to a “buy” rating in a research note published on Tuesday, February 28. Wells Fargo & Company increased their price target on Dominion Energy from $60.00 to $66.00 and gave the company an “equal weight” rating in a research note published on January 30.
Dominion Energy was the first company that StockNews.com covered in a research note published on Thursday.
They suggested that investors “keep” the stock in their portfolios.
Morgan Stanley lowered their price target on Dominion Energy shares from $65.00 to $63.00 and gave the company an “equal weight” rating in a research note published on February 22.
Last but not least, Credit Suisse Group lowered their price objective on Dominion Energy shares from $60.00 to $58.00 and assigned the stock a “neutral” rating in a research report released on February 14. One research expert suggests purchasing the stock, twelve suggest sticking with it, and three suggest selling it.
According to Bloomberg, the stock is rated “Hold” on average, and a price objective of $66.50 is considered the consensus among analysts.
In addition, the corporation just announced a quarterly dividend scheduled to be distributed on March 20. On Friday, March 3, shareholders of record will be eligible to receive dividend payments amounting to $0.6675 per share.
The date that constitutes the ex-dividend date for this dividend is March 2.
This translates into a dividend payment of $2.67 each year, giving the stock a yield of 4.82%.
At this time, the dividend payout ratio for Dominion Energy is 244.95%.
Recent events have resulted in a change in the company’s stake held by institutional investors.
The Moneta Group Investment Advisors LLC boosted its ownership percentage in Dominion Energy by 93,554.0% during the fourth quarter.
After acquiring an additional 9,854,975 shares during the preceding quarter, Moneta Group Investment Advisors LLC now holds 9,865,509 shares of the utility service provider’s stock.
The current market value of these shares is $604,953,000.
The Canada Pension Plan Investment Board boosted the proportion of its holdings in Dominion Energy by 486.1 percent during the third quarter.
After purchasing an additional 8,596,097 shares in the last quarter, the Canada Pension Plan Investment Board now owns 10,364,622 shares of the utilities provider’s stock, valued at $716,299,000.
DURING THE SECOND QUARTER, Price T. Rowe Associates INC (MD) increased the percentage of Dominion Energy, which has a holding of 28.2%.
After purchasing 6,156,960 shares in the preceding quarter, Price T. Rowe Associates INC (MD) currently owns 28,007,574 shares of the stock held by the utility provider.
The current value of these shares is $2,235,284,000.
During the final three months of 2018, Norges Bank purchased a new stake in Dominion Energy valued at roughly 332,276,000 dollars.
Last but not least, during the second quarter, Franklin Resources INC boosted the percentage of Dominion Energy shares that it held by 22.4%.
After acquiring 3,291,401 additional shares during the preceding quarter, Franklin Resources INC now holds 18,008,133 shares of the utility service provider’s stock, which has a market value of $1,437,229,000.
The company’s stock is owned by institutional investors and hedge funds to the tune of 70.30 percent.
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