Dominion Energy (NYSE:D) Updates FY25 Earnings Guidance

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

Dominion Energy Price Performance

Shares of D traded down $1.14 during mid-day trading on Monday, hitting $57.85. 2,332,348 shares of the company traded hands, compared to its average volume of 4,390,064. Dominion Energy has a one year low of $43.53 and a one year high of $61.97. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average of $57.87 and a 200 day moving average of $54.14. The stock has a market capitalization of $48.53 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 1.58 and a beta of 0.59.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period 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. As a group, equities analysts expect that Dominion Energy will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be issued a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.62%. Dominion Energy’s dividend payout ratio is currently 140.53%.

Analyst Ratings Changes

Several equities research analysts have weighed in on D shares. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. Barclays boosted their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank raised their price target on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets increased their target price on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Nine 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 currently has a consensus rating of “Hold” and a consensus price target of $55.40.

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.