Dominion Energy (D) Scheduled to Post Quarterly Earnings on Thursday

Dominion Energy (NYSE:D) is set to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Dominion Energy to post earnings of $0.66 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The firm had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Dominion Energy had a return on equity of 8.83% and a net margin of 12.40%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. On average, analysts expect Dominion Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dominion Energy Price Performance

Shares of D stock opened at $51.14 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 0.97. The company has a market capitalization of $42.83 billion, a P/E ratio of 21.95, a P/E/G ratio of 3.37 and a beta of 0.61. The company’s 50-day simple moving average is $48.27 and its two-hundred day simple moving average is $46.49. Dominion Energy has a one year low of $39.18 and a one year high of $57.65.

Insider Buying and Selling

In other news, Director Joseph M. Rigby bought 2,130 shares of Dominion Energy stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares of the company’s stock, valued at $395,093.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $46.94 per share, with a total value of $99,982.20. Following the purchase, the director now owns 8,417 shares of the company’s stock, valued at $395,093.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the purchase, the chief executive officer now directly owns 176,240 shares in the company, valued at approximately $8,091,178.40. The disclosure for this purchase can be found here. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

D has been the topic of a number of recent research reports. Bank of America increased their price objective on shares of Dominion Energy from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Tuesday, April 23rd. Guggenheim decreased their price target on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a report on Monday, March 4th. BMO Capital Markets cut shares of Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a report on Monday, March 11th. Scotiabank dropped their price target on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, Barclays dropped their price target on shares of Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.10.

About Dominion Energy

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.