Stock Roundup: Dominion Energy Inc. (NYSE: D)

On Friday, Shares of Dominion Energy Inc. (NYSE: D) lost -0.46% to $74.92. The stock grabbed the investor’s attention and traded 3,299,010 shares as compared to its average daily volume of 4.59M shares. The stock’s institutional ownership stands at 60.80%.

Dominion Energy (NYSE:D) recently declared unaudited stated earnings determined in accordance with Generally Accepted Accounting Principles (stated earnings) for the three months ended Dec. 31, 2018 of $641.0M ($0.97 per share) contrast with earnings of $1.30B ($2.04 per share) for the same period in 2017.  Stated earnings for the twelve months ended Dec. 31, 2018 were $2.40B ($3.74 per share) contrast with earnings of $3.00B ($4.72 per share) for the same period in 2017.

Operating earnings for the three months ended Dec. 31, 2018, were $592.0M ($0.89per share), contrast with operating earnings of $585.0M ($0.91 per share) for the same period in 2017.  The difference was mainly attributable to lower renewable energy investment tax credits, higher storm restoration expense and higher interest expense partially offset by the Cove Point liquefaction project and the benefit of tax reform.

Operating earnings for the twelve months ended Dec. 31, 2018 were $2.70B ($4.05per share) contrast with operating earnings of $2.30B ($3.60 per share) for the same period in 2017.  The difference was mainly attributable to the Cove Point liquefaction project, the benefit of tax reform, favorable weather in our regulated service territory, growth projects, and one fewer refueling outage at Millstone Power Station, partially offset by lower renewable energy investment tax credits, higher storm restoration expense, higher electric capacity expense, higher interest expense and share dilution.

D has a market value of $59.45B while its EPS was booked as $3.80 in the last 12 months. The stock has 793.52M shares outstanding. In the profitability analysis, the company has gross profit margin of 99.10% while net profit margin was 18.30%. Beta value of the company was 0.23; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.70.

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