Dominion Energy (NYSE:D) Issues Q2 2022 Earnings Guidance

Dominion Energy (NYSE:DGet Rating) issued an update on its second quarter 2022 earnings guidance on Monday morning. The company provided EPS guidance of $0.70-$0.80 for the period, compared to the consensus EPS estimate of $0.85. The company issued revenue guidance of -.Dominion Energy also updated its FY 2022 guidance to $3.95-$4.25 EPS.

Shares of D traded up $0.20 during mid-day trading on Monday, hitting $83.81. 45,054 shares of the company’s stock were exchanged, compared to its average volume of 3,286,696. The firm has a fifty day moving average of $84.02 and a two-hundred day moving average of $79.82. Dominion Energy has a twelve month low of $70.37 and a twelve month high of $88.78. The stock has a market cap of $67.99 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 3.23 and a beta of 0.41. The company has a quick ratio of 0.65, a current ratio of 0.79 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:DGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The utilities provider reported $1.18 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.01). Dominion Energy had a return on equity of 12.99% and a net margin of 20.81%. The business had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter last year, the company earned $1.09 EPS. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy will post 4.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 20th. Investors of record on Friday, June 3rd will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.19%. Dominion Energy’s payout ratio is presently 74.58%.

A number of research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Dominion Energy in a research note on Thursday, March 31st. They issued a hold rating on the stock. Morgan Stanley raised their target price on shares of Dominion Energy from $87.00 to $94.00 and gave the company an equal weight rating in a research note on Wednesday, April 20th. KeyCorp raised their target price on shares of Dominion Energy from $90.00 to $92.00 and gave the company an overweight rating in a research note on Wednesday, April 20th. Finally, Barclays assumed coverage on shares of Dominion Energy in a research note on Tuesday, January 25th. They issued an equal weight rating and a $86.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $85.25.

Several large investors have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in shares of Dominion Energy by 2.7% during the 1st quarter. Northern Trust Corp now owns 8,883,631 shares of the utilities provider’s stock worth $754,843,000 after acquiring an additional 234,077 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Dominion Energy by 10.2% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,498,889 shares of the utilities provider’s stock worth $382,271,000 after acquiring an additional 416,800 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Dominion Energy by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,069,994 shares of the utilities provider’s stock worth $345,827,000 after purchasing an additional 131,766 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Dominion Energy by 2.5% during the 4th quarter. Parametric Portfolio Associates LLC now owns 2,539,336 shares of the utilities provider’s stock worth $199,490,000 after purchasing an additional 62,326 shares in the last quarter. Finally, Easterly Investment Partners LLC increased its position in shares of Dominion Energy by 23.1% during the 1st quarter. Easterly Investment Partners LLC now owns 372,201 shares of the utilities provider’s stock worth $31,626,000 after purchasing an additional 69,859 shares in the last quarter. 68.39% of the stock is owned by institutional investors.

About Dominion Energy (Get Rating)

Dominion Energy, Inc produces and distributes energy. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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Earnings History and Estimates for Dominion Energy (NYSE:D)

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