Stock in Focus: Dominion Energy, Inc. (NYSE: D)

On Monday, Shares of Dominion Energy, Inc. (NYSE: D) gained 1.66% to $73.70. The stock opened its trade at $175.21 and after floating in a price range of $174.52 to $177.74; the stock grabbed the investor’s attention and traded 3,391,811 shares as compared to its average daily volume of 4.03M shares. The stock’s institutional ownership stands at 69.90%.

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, 2017, of $1.40B ($2.25 per share) contrast with earnings of $457.0M ($0.73 per share) for the same period in 2016.

Operating earnings for the three months ended Dec. 31, 2017, were $585.0M ($0.91per share), contrast to operating earnings of $618.0M ($0.99 per share) for the same period in 2016.  Operating earnings are defined as stated earnings adjusted for certain items.

Full-year 2017 Stated and Operating Earnings Contrast to 2016:

Stated earnings in 2017 were $1.00B higher than full-year stated earnings in 2016.  Business segment results and detailed descriptions of items included in 2017 and 2016 stated earnings but excluded from operating earnings can be found on plans 1, 2, and 3 of this release.

Operating earnings, in 2017, reduced $58.0M as contrast to full-year 2016 operating earnings.   The decrease is mainly attributable to milder weather in our regulated service territory, a step down in solar investment tax credits, a second Millstone refueling outage and a reduction of Cove Point import contract revenues.  Factors offsetting the decrease include growth in our regulated gas and electric businesses, the addition of Dominion Energy Questar and lower operating expenses.

D has a market value of $47.33B while its EPS was booked as $3.38 in the last 12 months. The stock has 642.20M shares outstanding. In the profitability analysis, the company has gross profit margin of 97.90% while net profit margin was 23.80%. Beta value of the company was 0.21; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.40.

Leon Constant

Reporter

I am Leon Constant and I focus on breaking news stories and ensuring we (“The Stock Gem”) offer timely reporting on some of the most recent stories released through market wires about “Basic Material Stocks”. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for thestockgem.com specializing in quicker moving active shares with a short term view on investment opportunities and trends.

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