KeyCorp Issues Negative Outlook for Dominion Energy Earnings

Dominion Energy, Inc. (NYSE:D) – Analysts at KeyCorp reduced their Q4 2024 earnings estimates for shares of Dominion Energy in a note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now expects that the utilities provider will earn $0.47 per share for the quarter, down from their previous estimate of $0.59. The consensus estimate for Dominion Energy’s current full-year earnings is $2.76 per share. KeyCorp also issued estimates for Dominion Energy’s FY2025 earnings at $3.36 EPS and FY2028 earnings at $4.00 EPS.

A number of other research firms have also commented on D. Morgan Stanley began coverage on shares of Dominion Energy in a research note on Monday. They set an “equal weight” rating and a $61.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of 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 reissued a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Barclays raised their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.33.

Dominion Energy Stock Up 1.0 %

NYSE D opened at $56.92 on Thursday. 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 $47.81 billion, a P/E ratio of 19.97, a PEG ratio of 1.51 and a beta of 0.59. The company’s 50 day simple moving average is $58.15 and its 200 day simple moving average is $55.13. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last issued its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the company posted $0.77 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.

Institutional Trading of Dominion Energy

A number of hedge funds have recently modified their holdings of the company. BLB&B Advisors LLC raised its position in Dominion Energy by 2.5% in the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock worth $417,000 after purchasing an additional 173 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Dominion Energy by 1.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,909 shares of the utilities provider’s stock worth $535,000 after buying an additional 195 shares during the period. Cobblestone Capital Advisors LLC NY lifted its position in shares of Dominion Energy by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after buying an additional 195 shares during the period. Valley National Advisers Inc. grew its position in Dominion Energy by 8.6% in the second quarter. Valley National Advisers Inc. now owns 2,504 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 198 shares during the period. Finally, Altman Advisors Inc. raised its stake in Dominion Energy by 0.7% during the second quarter. Altman Advisors Inc. now owns 29,031 shares of the utilities provider’s stock worth $1,423,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

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.