Dominion Energy, Inc. (NYSE:D – Get Free Report)’s stock price reached a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $54.35 and last traded at $54.33, with a volume of 595389 shares changing hands. The stock had previously closed at $53.46.
The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS.
Dominion Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.90%. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.
Analyst Ratings Changes
Check Out Our Latest Stock Report on D
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Family Firm Inc. bought a new position in shares of Dominion Energy during the 2nd quarter worth approximately $27,000. Criterion Capital Advisors LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at approximately $29,000. Rise Advisors LLC acquired a new position in shares of Dominion Energy during the first quarter valued at $30,000. LRI Investments LLC acquired a new position in Dominion Energy during the 1st quarter valued at about $30,000. Finally, Venturi Wealth Management LLC grew its position in shares of Dominion Energy by 84.5% during the 4th quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider’s stock worth $32,000 after buying an additional 310 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.
Dominion Energy Stock Performance
The firm has a market capitalization of $45.68 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.42 and a beta of 0.58. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.05 and a quick ratio of 0.94. The stock’s 50 day moving average is $51.12 and its two-hundred day moving average is $49.25.
Dominion Energy Company Profile
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.
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