FY2024 EPS Estimates for Dominion Energy Lowered by Analyst

Dominion Energy, Inc. (NYSE:D - Free Report) - Research analysts at KeyCorp cut their FY2024 EPS estimates for Dominion Energy in a note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $2.76 per share for the year, down from their prior forecast of $2.79. The consensus estimate for Dominion Energy's current full-year earnings is $2.76 per share. KeyCorp also issued estimates for Dominion Energy's FY2026 earnings at $3.55 EPS.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. Dominion Energy's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 EPS.

Several other analysts have also commented on the stock. Scotiabank increased their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. The Goldman Sachs Group restated a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their price target on Dominion Energy from $54.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Barclays upped their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a "hold" rating and a $58.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $56.33.

Dominion Energy Stock Performance

D traded down $0.86 on Friday, hitting $56.05. 3,418,027 shares of the company's stock were exchanged, compared to its average volume of 4,456,183. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The stock has a fifty day moving average of $58.15 and a two-hundred day moving average of $55.13. Dominion Energy has a twelve month low of $43.53 and a twelve month high of $61.97. The firm has a market cap of $47.08 billion, a PE ratio of 19.71, a P/E/G ratio of 1.51 and a beta of 0.59.

Institutional Trading of Dominion Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Dominion Energy during the 3rd quarter valued at about $28,000. Family Firm Inc. purchased a new position in shares of Dominion Energy during the second quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy in the 3rd quarter worth about $32,000. Dunhill Financial LLC raised its stake in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock worth $33,000 after purchasing an additional 487 shares during the period. Finally, Larson Financial Group LLC raised its position in Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock worth $35,000 after acquiring an additional 449 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy's dividend payout ratio (DPR) is 93.68%.

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.