Dominion Energy, Inc. (NYSE:D – Get Rating) – Equities research analysts at KeyCorp lowered their FY2024 earnings per share (EPS) estimates for Dominion Energy in a report released on Monday, January 16th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $4.44 for the year, down from their previous forecast of $4.61. The consensus estimate for Dominion Energy’s current full-year earnings is $4.11 per share. KeyCorp also issued estimates for Dominion Energy’s FY2025 earnings at $4.72 EPS and FY2026 earnings at $4.97 EPS.
Several other research firms have also weighed in on D. UBS Group cut their target price on shares of Dominion Energy from $73.00 to $63.00 and set a “neutral” rating on the stock in a report on Tuesday, December 6th. The Goldman Sachs Group raised Dominion Energy from a “sell” rating to a “neutral” rating and decreased their target price for the company from $72.00 to $69.00 in a research note on Sunday, November 13th. Maxim Group initiated coverage on Dominion Energy in a report on Friday, November 4th. They issued a “hold” rating for the company. Credit Suisse Group cut Dominion Energy from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $76.00 to $69.00 in a report on Monday, November 7th. Finally, StockNews.com assumed coverage on shares of Dominion Energy in a report on Wednesday, October 12th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $72.25.
Dominion Energy Stock Performance
Dominion Energy (NYSE:D – Get Rating) last announced its quarterly earnings data on Friday, November 4th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.03. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Dominion Energy had a net margin of 14.73% and a return on equity of 12.84%. The business’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share.
Institutional Trading of Dominion Energy
A number of large investors have recently added to or reduced their stakes in D. Congress Asset Management Co. MA raised its position in Dominion Energy by 3.6% during the second quarter. Congress Asset Management Co. MA now owns 3,570 shares of the utilities provider’s stock valued at $285,000 after purchasing an additional 125 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Dominion Energy by 1.2% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock valued at $903,000 after buying an additional 128 shares in the last quarter. Golden State Equity Partners lifted its position in Dominion Energy by 1.7% in the 1st quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock worth $649,000 after buying an additional 129 shares during the last quarter. Covestor Ltd boosted its stake in Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after buying an additional 131 shares in the last quarter. Finally, Almanack Investment Partners LLC. raised its stake in shares of Dominion Energy by 4.8% during the second quarter. Almanack Investment Partners LLC. now owns 2,838 shares of the utilities provider’s stock worth $227,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 70.30% of the company’s stock.
Dominion Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Thursday, December 1st. Dominion Energy’s payout ratio is presently 95.70%.
Dominion Energy Company Profile
Dominion Energy, Inc produces and distributes energy in the United States. 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 approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.
- Get a free copy of the StockNews.com research report on Dominion Energy (D)
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