Dominion Energy (NYSE:D) Updates FY 2024 Earnings Guidance

Dominion Energy (NYSE:D) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 2.680-2.830 for the period, compared to the consensus earnings per share estimate of 2.770. The company issued revenue guidance of -. Dominion Energy also updated its FY 2025 guidance to 3.250-3.540 EPS.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group initiated coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Scotiabank upped their price objective on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Barclays raised their target price 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Trading Up 1.8 %

D stock opened at $59.53 on Friday. The company has a market capitalization of $49.94 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 1.56 and a beta of 0.60. The company’s 50 day moving average price is $57.82 and its two-hundred day moving average price is $53.98. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.78 and a current ratio of 0.93. Dominion Energy has a one year low of $39.44 and a one year high of $61.26.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Dominion Energy had a return on equity of 7.69% and a net margin of 11.63%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. As a group, analysts predict that Dominion Energy will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.49%. Dominion Energy’s dividend payout ratio is 140.53%.

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.