Dominion Energy (NYSE:D) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Dominion Energy (NYSE:D) announced its quarterly earnings results on Friday. The utilities provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04, Zacks reports. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a net margin of 16.45% and a return on equity of 9.68%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. Dominion Energy updated its FY 2025 guidance to 3.330-3.480 EPS.

Dominion Energy Trading Down 1.3%

Shares of D stock opened at $58.73 on Friday. Dominion Energy has a 1 year low of $48.07 and a 1 year high of $62.52. The firm has a fifty day moving average price of $60.22 and a 200-day moving average price of $57.99. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.49. The company has a market cap of $50.12 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.13 and a beta of 0.62.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.5%. Dominion Energy’s payout ratio is presently 92.07%.

Insider Activity

In other Dominion Energy news, CEO Robert M. Blue acquired 4,152 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was purchased at an average price of $60.35 per share, with a total value of $250,573.20. Following the transaction, the chief executive officer directly owned 161,237 shares in the company, valued at approximately $9,730,652.95. The trade was a 2.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dominion Energy

A number of hedge funds have recently modified their holdings of the business. Redwood Investment Management LLC grew its position in shares of Dominion Energy by 0.6% during the 2nd quarter. Redwood Investment Management LLC now owns 31,778 shares of the utilities provider’s stock valued at $1,796,000 after acquiring an additional 183 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Dominion Energy by 0.3% during the 2nd quarter. NewEdge Advisors LLC now owns 69,157 shares of the utilities provider’s stock valued at $3,909,000 after buying an additional 226 shares in the last quarter. Snowden Capital Advisors LLC lifted its stake in shares of Dominion Energy by 1.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 20,238 shares of the utilities provider’s stock valued at $1,144,000 after buying an additional 281 shares in the last quarter. HUB Investment Partners LLC lifted its stake in shares of Dominion Energy by 1.8% during the 2nd quarter. HUB Investment Partners LLC now owns 20,119 shares of the utilities provider’s stock valued at $1,137,000 after buying an additional 352 shares in the last quarter. Finally, Hayek Kallen Investment Management lifted its stake in shares of Dominion Energy by 7.5% during the 2nd quarter. Hayek Kallen Investment Management now owns 10,028 shares of the utilities provider’s stock valued at $567,000 after buying an additional 699 shares in the last quarter. Institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

D has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dominion Energy in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 target price on shares of Dominion Energy in a research report on Tuesday, October 28th. Wells Fargo & Company began coverage on shares of Dominion Energy in a research report on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price for the company. Finally, Morgan Stanley lifted their target price on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $63.78.

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.