Wall Street brokerages expect that Dominion Energy Inc (NYSE:D) will post sales of $3.31 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Dominion Energy’s earnings. The highest sales estimate is $3.39 billion and the lowest is $3.24 billion. Dominion Energy posted sales of $3.18 billion during the same quarter last year, which would indicate a positive year over year growth rate of 4.1%. The business is expected to issue its next quarterly earnings report on Monday, October 29th.

On average, analysts expect that Dominion Energy will report full year sales of $13.28 billion for the current fiscal year, with estimates ranging from $13.08 billion to $13.42 billion. For the next financial year, analysts expect that the firm will report sales of $13.74 billion per share, with estimates ranging from $13.59 billion to $14.02 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Dominion Energy.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Dominion Energy had a return on equity of 13.13% and a net margin of 23.69%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS.

Several brokerages have recently issued reports on D. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Tuesday. Wells Fargo & Co reiterated a “hold” rating and issued a $76.00 price objective (up previously from $73.00) on shares of Dominion Energy in a research note on Monday. Bank of America decreased their price objective on Dominion Energy from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, August 2nd. Scotiabank began coverage on Dominion Energy in a research note on Tuesday, July 24th. They issued a “hold” rating and a $167.00 price objective for the company. Finally, Howard Weil began coverage on Dominion Energy in a research note on Tuesday, July 24th. They issued a “sector perform” rating for the company. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $85.40.

Shares of D opened at $71.92 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.52 and a quick ratio of 0.36. The stock has a market capitalization of $46.98 billion, a PE ratio of 19.93, a P/E/G ratio of 2.88 and a beta of 0.26. Dominion Energy has a 1 year low of $61.53 and a 1 year high of $85.30.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Investors of record on Friday, September 7th will be paid a dividend of $0.835 per share. This represents a $3.34 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, September 6th. Dominion Energy’s payout ratio is 92.78%.

In other Dominion Energy news, Director John W. Harris bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was purchased at an average price of $71.15 per share, for a total transaction of $711,500.00. Following the completion of the purchase, the director now directly owns 17,495 shares in the company, valued at $1,244,769.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.34% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Argent Trust Co increased its position in Dominion Energy by 27.1% during the fourth quarter. Argent Trust Co now owns 10,782 shares of the utilities provider’s stock worth $874,000 after buying an additional 2,297 shares during the period. ING Groep NV acquired a new position in Dominion Energy during the first quarter worth approximately $288,000. Neuberger Berman Group LLC increased its position in Dominion Energy by 75.3% during the first quarter. Neuberger Berman Group LLC now owns 259,270 shares of the utilities provider’s stock worth $17,483,000 after buying an additional 111,378 shares during the period. Riverhead Capital Management LLC increased its position in Dominion Energy by 19.6% during the first quarter. Riverhead Capital Management LLC now owns 12,821 shares of the utilities provider’s stock worth $865,000 after buying an additional 2,100 shares during the period. Finally, 6 Meridian acquired a new position in Dominion Energy during the first quarter worth approximately $409,000. Hedge funds and other institutional investors own 67.26% 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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