Seaport Res Ptn Comments on Dominion Energy FY2024 Earnings

Dominion Energy, Inc. (NYSE:D) – Investment analysts at Seaport Res Ptn increased their FY2024 EPS estimates for shares of Dominion Energy in a research note issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $2.76 for the year, up from their previous forecast of $2.75. The consensus estimate for Dominion Energy’s current full-year earnings is $2.75 per share. Seaport Res Ptn also issued estimates for Dominion Energy’s FY2026 earnings at $3.63 EPS.

A number of other research analysts also recently issued reports on the stock. Barclays raised their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. Scotiabank lifted their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Morgan Stanley assumed coverage on shares of Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.58.

Dominion Energy Trading Down 2.0 %

Dominion Energy stock opened at $53.64 on Tuesday. The firm’s 50-day moving average is $56.20 and its 200-day moving average is $55.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a market cap of $45.06 billion, a P/E ratio of 18.82, a PEG ratio of 1.44 and a beta of 0.60.

Dominion Energy (NYSE:D) last posted its quarterly 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 the consensus estimate of $4.18 billion. During the same period last year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis.

Hedge Funds Weigh In On Dominion Energy

Several hedge funds have recently made changes to their positions in the business. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Dominion Energy during the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in Dominion Energy during the 3rd quarter valued at $32,000. Dunhill Financial LLC boosted its position in shares of Dominion Energy by 601.2% in the third quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. Larson Financial Group LLC grew its holdings in shares of Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock valued at $35,000 after buying an additional 449 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in Dominion Energy during the second quarter valued at $36,000. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were paid a $0.6675 dividend. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.98%. Dominion Energy’s dividend payout ratio is currently 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.