KeyCorp Comments on Dominion Energy’s Q4 Earnings (NYSE:D)

Dominion Energy, Inc. (NYSE:D) – KeyCorp decreased their Q4 2024 earnings per share (EPS) estimates for shares of 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 previous forecast 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 issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis.

A number of other equities analysts have also commented on D. Jefferies Financial Group assumed coverage on Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 target price on the stock. Scotiabank raised their price target on Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research note on Friday, November 8th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.33.

Dominion Energy Stock Performance

Shares of NYSE D opened at $56.05 on Thursday. 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 business’s 50-day simple moving average is $58.15 and its 200-day simple moving average is $55.13. The firm has a market cap of $47.08 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 1.51 and a beta of 0.59.

Institutional Trading of Dominion Energy

Hedge funds have recently bought and sold shares of the stock. Mather Group LLC. lifted its position in shares of Dominion Energy by 11.2% in the second quarter. Mather Group LLC. now owns 4,399 shares of the utilities provider’s stock worth $216,000 after purchasing an additional 443 shares in the last quarter. Csenge Advisory Group increased its holdings in Dominion Energy by 4.8% during the second quarter. Csenge Advisory Group now owns 13,201 shares of the utilities provider’s stock worth $647,000 after buying an additional 599 shares during the last quarter. CX Institutional raised its position in Dominion Energy by 6.0% during the second quarter. CX Institutional now owns 4,550 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 257 shares in the last quarter. OLD National Bancorp IN grew its position in shares of Dominion Energy by 19.1% in the 2nd quarter. OLD National Bancorp IN now owns 131,863 shares of the utilities provider’s stock valued at $6,461,000 after acquiring an additional 21,181 shares during the period. Finally, A. D. Beadell Investment Counsel Inc. acquired a new position in shares of Dominion Energy during the 2nd quarter worth about $245,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Announces Dividend

The firm 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. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.76%. Dominion Energy’s dividend payout ratio is presently 93.68%.

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.