For its first fiscal quarter (ending March 31), Dominion Energy Inc (NYSE: D) has reported a -21% decline in E.P.S. from $0.81 a year ago to $0.64 in the current quarter. This result fell short of the consensus estimate of $0.86 by $-0.22. For the latest four quarters through March 31, E.P.S. were $2.31 versus $0.40 for the same period a year ago — an increase of 478%.
Recent Price Action
On 5/2/24, Dominion Energy Inc (NYSE: D) stock rose slightly by 0.02%, closing at $51.16. However, this advance was accompanied by below average trading volume at 80% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, D is expected to continue to be an important Value Builder.
Dominion Energy has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Dominion Energy has a neutral Appreciation Score of 50 and a neutral Power Rating of 40, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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