Dominion Energy (NYSE:D) Issues Earnings Results, Misses Expectations By $0.02 EPS

Key Points

• Dominion Energy reported earnings of $0.75 per share, missing analysts' expectations by $0.02, although revenue increased to $3.81 billion, surpassing estimates of $3.73 billion.
• Despite the earnings miss, Dominion Energy saw a 9.3% revenue increase year-over-year compared to the same quarter last year.
• The company announced a quarterly dividend of $0.6675, representing a 4.4% yield on an annualized basis, with a payout ratio currently at 100%.

Dominion Energy (NYSE:D - Get Free Report) issued its quarterly earnings results on Friday. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by ($0.02), Briefing.com reports. The business had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $3.73 billion. Dominion Energy had a return on equity of 9.81% and a net margin of 16.45%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. Dominion Energy updated its FY 2025 guidance to 3.280-3.520 EPS.

Dominion Energy Stock Down 0.1%

Shares of D stock traded down $0.06 during trading hours on Tuesday, hitting $61.07. 903,313 shares of the company were exchanged, compared to its average volume of 5,331,388. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.73. Dominion Energy has a one year low of $48.07 and a one year high of $61.97. The business's 50-day simple moving average is $56.79 and its two-hundred day simple moving average is $55.43. The stock has a market capitalization of $52.08 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.31 and a beta of 0.57.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 20th. Shareholders of record on Friday, September 5th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 5th. Dominion Energy's dividend payout ratio is presently 92.07%.

Analysts Set New Price Targets

D has been the subject of several research analyst reports. Morgan Stanley lowered their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their target price on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Dominion Energy presently has a consensus rating of "Hold" and an average price target of $58.88.

Institutional Investors Weigh In On Dominion Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of Dominion Energy by 64.3% in the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock valued at $489,000 after purchasing an additional 3,553 shares during the period. Woodline Partners LP increased its stake in shares of Dominion Energy by 40.7% during the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock valued at $3,979,000 after acquiring an additional 20,522 shares during the period. Intech Investment Management LLC increased its stake in shares of Dominion Energy by 71.2% during the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider's stock valued at $1,708,000 after acquiring an additional 12,663 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Dominion Energy by 8.3% during the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider's stock valued at $985,000 after acquiring an additional 1,344 shares during the period. Institutional investors and hedge funds own 73.04% of the company's stock.

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.