Dominion Energy (NYSE:D) Issues Quarterly Earnings Results

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) released its quarterly earnings results on Friday. The utilities provider reported $0.75 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.02), Briefing.com reports. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%. The business had revenue of $3.81 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the firm posted $0.65 EPS. The company's revenue was up 9.3% compared to the same quarter last year. Dominion Energy updated its FY 2025 guidance to 3.280-3.520 EPS.

Dominion Energy Trading Up 1.3%

Shares of D stock traded up $0.78 on Thursday, hitting $61.75. The stock had a trading volume of 1,550,161 shares, compared to its average volume of 5,367,046. Dominion Energy has a twelve month low of $48.07 and a twelve month high of $61.97. The firm has a market cap of $52.70 billion, a P/E ratio of 21.30, a PEG ratio of 1.33 and a beta of 0.57. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 1.35. The company has a fifty day moving average price of $56.98 and a two-hundred day moving average price of $55.51.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, September 20th. Stockholders of record on Friday, September 5th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. Dominion Energy's payout ratio is 92.07%.

Institutional Investors Weigh In On Dominion Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its position in shares of Dominion Energy by 64.3% during the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider's stock worth $489,000 after purchasing an additional 3,553 shares in the last quarter. Empowered Funds LLC raised its stake in Dominion Energy by 8.3% during the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider's stock worth $985,000 after buying an additional 1,344 shares during the last quarter. Intech Investment Management LLC raised its stake in Dominion Energy by 71.2% during the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider's stock worth $1,708,000 after buying an additional 12,663 shares during the last quarter. Finally, Woodline Partners LP grew its holdings in Dominion Energy by 40.7% in the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider's stock worth $3,979,000 after purchasing an additional 20,522 shares during the period. 73.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Morgan Stanley dropped their price target on Dominion Energy from $62.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. JPMorgan Chase & Co. increased their price target on Dominion Energy from $53.00 to $56.00 and gave the company an "underweight" rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $59.14.

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.