Seaport Res Ptn Equities Analysts Boost Earnings Estimates for Dominion Energy, Inc. (NYSE:D)

Dominion Energy, Inc. (NYSE:D) – Investment analysts at Seaport Res Ptn boosted their FY2024 earnings per share estimates for shares of Dominion Energy in a report released on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $2.76 for the year, up from their prior estimate of $2.64. The consensus estimate for Dominion Energy’s current full-year earnings is $2.75 per share.

A number of other research firms have also weighed in on D. BMO Capital Markets lowered Dominion Energy from an “outperform” rating to a “market perform” rating and set a $49.00 price objective for the company. in a research note on Monday, March 11th. Guggenheim decreased their target price on Dominion Energy from $57.00 to $52.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Mizuho decreased their target price on Dominion Energy from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Barclays decreased their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Finally, Wells Fargo & Company boosted their target price on Dominion Energy from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average price target of $49.10.

Dominion Energy Stock Performance

NYSE D opened at $50.45 on Monday. The firm has a market cap of $42.26 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 3.40 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.29. The business has a 50-day moving average price of $48.17 and a 200-day moving average price of $46.42. Dominion Energy has a twelve month low of $39.18 and a twelve month high of $57.90.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the firm posted $1.06 EPS. The business’s revenue for the quarter was down 7.2% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of D. Patriot Financial Group Insurance Agency LLC boosted its position in Dominion Energy by 8.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,805 shares of the utilities provider’s stock valued at $349,000 after acquiring an additional 615 shares in the last quarter. Clarius Group LLC boosted its position in Dominion Energy by 31.6% during the 3rd quarter. Clarius Group LLC now owns 9,230 shares of the utilities provider’s stock valued at $412,000 after acquiring an additional 2,217 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in Dominion Energy by 36.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 21,581 shares of the utilities provider’s stock valued at $964,000 after acquiring an additional 5,764 shares in the last quarter. Lantz Financial LLC boosted its position in Dominion Energy by 13.8% during the 3rd quarter. Lantz Financial LLC now owns 5,808 shares of the utilities provider’s stock valued at $259,000 after acquiring an additional 704 shares in the last quarter. Finally, Golden State Equity Partners boosted its position in Dominion Energy by 10.7% during the 3rd quarter. Golden State Equity Partners now owns 4,494 shares of the utilities provider’s stock valued at $201,000 after acquiring an additional 435 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Insider Transactions at Dominion Energy

In other Dominion Energy news, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $46.94 per share, for a total transaction of $99,982.20. Following the completion of the acquisition, the director now owns 8,417 shares in the company, valued at approximately $395,093.98. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Joseph M. Rigby acquired 2,130 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of $46.94 per share, with a total value of $99,982.20. Following the completion of the purchase, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert M. Blue acquired 21,735 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the purchase, the chief executive officer now owns 176,240 shares of the company’s stock, valued at $8,091,178.40. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

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.