Dominion Energy (NYSE:D) Issues FY25 Earnings Guidance

Dominion Energy (NYSE:D) updated its FY25 earnings guidance on Friday. The company provided EPS guidance of $3.25-3.54 for the period, compared to the consensus EPS estimate of $3.38. Dominion Energy also updated its FY 2024 guidance to 2.680-2.830 EPS.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Scotiabank increased their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group began coverage on shares of Dominion Energy in a research note on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. Finally, BMO Capital Markets increased their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.40.

Dominion Energy Trading Down 2.1 %

D stock traded down $1.22 during mid-day trading on Monday, reaching $57.77. The company had a trading volume of 2,533,968 shares, compared to its average volume of 4,390,817. The company has a market capitalization of $48.47 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.58 and a beta of 0.59. The firm has a 50 day moving average of $57.87 and a 200 day moving average of $54.14. Dominion Energy has a 12 month low of $43.53 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.78.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Dominion Energy will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is 140.53%.

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.