FY2024 EPS Estimates for Dominion Energy Raised by Analyst

Dominion Energy, Inc. (NYSE:D) – Seaport Res Ptn increased their FY2024 earnings estimates for shares of Dominion Energy in a research report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will earn $2.76 per share for the year, up from their prior forecast of $2.75. The consensus estimate for Dominion Energy’s current full-year earnings is $2.75 per share. Seaport Res Ptn also issued estimates for Dominion Energy’s FY2026 earnings at $3.63 EPS.

Several other research analysts also recently issued reports on D. Jefferies Financial Group started coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley initiated coverage on Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective for the company. Finally, Scotiabank lifted their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Price Performance

Dominion Energy stock opened at $54.62 on Tuesday. The stock has a 50-day moving average price of $56.03 and a two-hundred day moving average price of $55.51. Dominion Energy has a 12 month low of $43.53 and a 12 month high of $61.97. The company has a market capitalization of $45.88 billion, a PE ratio of 19.16, a P/E/G ratio of 1.44 and a beta of 0.60. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last announced its quarterly earnings results 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. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.89%. The ex-dividend date was Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 93.68%.

Institutional Investors Weigh In On Dominion Energy

A number of large investors have recently bought and sold shares of the stock. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Dominion Energy during the third quarter worth approximately $28,000. Frazier Financial Advisors LLC bought a new stake in Dominion Energy during the 3rd quarter valued at $32,000. Dunhill Financial LLC raised its holdings in Dominion Energy by 601.2% during the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Dominion Energy by 282.4% in the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares in the last quarter. Finally, Reston Wealth Management LLC acquired a new position in shares of Dominion Energy during the third quarter valued at about $36,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

About Dominion Energy

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.