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

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

Dominion Energy Stock Down 2.4 %

Shares of Dominion Energy stock traded down $1.39 during midday trading on Monday, hitting $57.60. The company had a trading volume of 3,050,300 shares, compared to its average volume of 4,394,156. The company 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 $48.32 billion, a P/E ratio of 31.05, a P/E/G ratio of 1.58 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 0.78 and a current ratio of 0.93.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating 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 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 posted $0.77 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. 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. Investors of record on Friday, November 29th will be given a dividend of $0.6675 per share. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.64%. Dominion Energy’s dividend payout ratio (DPR) is 140.53%.

Analyst Ratings Changes

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