KeyCorp Has Negative Outlook of Dominion Energy Q4 Earnings

Dominion Energy, Inc. (NYSE:D) – Analysts at KeyCorp dropped their Q4 2024 earnings per share (EPS) estimates for Dominion Energy in a research note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $0.47 for the quarter, down from their prior 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.

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

Several other analysts have also recently weighed in on D. Scotiabank boosted their price objective on Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley started coverage on Dominion Energy in a research report on Monday. They issued an “equal weight” rating and a $61.00 price target on the stock. Finally, Barclays upped their price objective on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.33.

Dominion Energy Stock Up 1.0 %

NYSE D opened at $56.92 on Thursday. The stock has a market capitalization of $47.81 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. Dominion Energy has a 52 week low of $43.53 and a 52 week high of $61.97. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The stock has a fifty day moving average of $58.15 and a 200-day moving average of $55.13.

Institutional Inflows and Outflows

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

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 dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

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.