Dominion Energy Inc. (D) Issues FY17 Earnings Guidance

Dominion Energy Inc. (NYSE:D) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.40-3.90 for the period, compared to the Thomson Reuters consensus estimate of $3.65. Dominion Energy also updated its Q3 guidance to $0.95-1.15 EPS.

Shares of Dominion Energy Inc. (D) traded down 0.55% on Friday, hitting $77.39. The company had a trading volume of 1,462,487 shares. Dominion Energy Inc. has a 12-month low of $69.51 and a 12-month high of $81.65. The firm has a 50 day moving average of $77.07 and a 200-day moving average of $77.23. The firm has a market capitalization of $49.73 billion, a P/E ratio of 22.40 and a beta of 0.28.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Dominion Energy had a net margin of 17.48% and a return on equity of 14.04%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts predict that Dominion Energy Inc. will post $3.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s payout ratio is 87.28%.

D has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Dominion Energy from a hold rating to a buy rating and set a $85.00 price target on the stock in a report on Tuesday, July 11th. Morgan Stanley dropped their target price on shares of Dominion Energy from $81.00 to $79.00 and set an equal weight rating on the stock in a report on Monday, May 8th. Royal Bank Of Canada set a $77.00 target price on shares of Dominion Energy and gave the stock a hold rating in a report on Saturday, June 3rd. BidaskClub cut shares of Dominion Energy from a buy rating to a hold rating in a report on Saturday, June 24th. Finally, Deutsche Bank AG raised their target price on shares of Dominion Energy from $76.00 to $77.00 and gave the stock a hold rating in a report on Thursday, August 3rd. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $80.57.

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Dominion Energy Company Profile

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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