KeyCorp Has Negative View of Dominion Energy FY2027 Earnings

Key Points

• KeyCorp lowered its FY2027 EPS estimate for Dominion Energy to $3.78 from $3.79 and projected FY2028 EPS of $4.04. The FY2027 forecast remains above the current consensus estimate of $3.59.
• Analyst sentiment is mixed, with Dominion carrying a consensus “Hold” rating and an average price target of $69.87 after several firms recently adjusted their ratings or targets.
• Dominion’s latest quarterly results exceeded expectations, with EPS of $0.79 versus $0.68 expected and revenue up 17.6% year over year. The company also offers a $2.67 annualized dividend, yielding approximately 4.3%.

Dominion Energy Inc. (NYSE:D - Free Report) - Investment analysts at KeyCorp dropped their FY2027 EPS estimates for shares of Dominion Energy in a report released on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $3.78 for the year, down from their previous estimate of $3.79. The consensus estimate for Dominion Energy's current full-year earnings is $3.59 per share. KeyCorp also issued estimates for Dominion Energy's FY2028 earnings at $4.04 EPS.

Several other equities research analysts have also recently commented on D. Truist Financial lowered their target price on Dominion Energy from $66.00 to $62.00 and set a "hold" rating for the company in a research note on Monday. Weiss Ratings lowered Dominion Energy from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Wells Fargo & Company raised Dominion Energy to a "strong-buy" rating in a research note on Thursday, September 24th. Barclays decreased their price target on Dominion Energy from $70.00 to $69.00 and set an "overweight" rating on the stock in a report on Tuesday, June 23rd. Finally, TD Cowen upgraded Dominion Energy from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $69.00 to $80.00 in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $69.87.

Dominion Energy Stock Performance

D stock opened at $62.38 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The company has a 50 day moving average price of $64.74 and a 200 day moving average price of $65.78. Dominion Energy has a fifty-two week low of $55.85 and a fifty-two week high of $72.99. The stock has a market capitalization of $54.87 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 2.90 and a beta of 0.64.

Dominion Energy (NYSE:D - Get Free Report) last announced its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the business earned $0.75 earnings per share. Dominion Energy's quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 20th. Shareholders of record on Friday, September 4th were given a dividend of $0.6675 per share. The ex-dividend date was Friday, September 4th. This represents a $2.67 annualized dividend and a dividend yield of 4.3%. Dominion Energy's payout ratio is presently 93.03%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bryn Mawr Trust Advisors LLC bought a new stake in Dominion Energy during the 2nd quarter worth approximately $7,346,000. Ausbil Investment Management Ltd acquired a new stake in Dominion Energy during the 2nd quarter worth approximately $4,603,000. Florida Trust Wealth Management Co lifted its stake in Dominion Energy by 51.6% in the second quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider's stock valued at $4,588,000 after buying an additional 22,870 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Dominion Energy in the second quarter valued at approximately $1,141,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Dominion Energy during the second quarter worth $7,645,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Key Stories Impacting Dominion Energy

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Dominion Energy is expanding its EnergyShare assistance program in South Carolina and committing $3 million to help customers pay energy bills. The initiative may strengthen the company’s community and regulatory relationships, although its direct financial impact is likely limited. Dominion Energy Expands EnergyShare Program
• Neutral Sentiment: Senior-focused energy-assistance events are connecting South Carolina customers with Dominion and community resources. The coverage reinforces the company’s broader affordability efforts but does not materially change earnings expectations. Lowcountry partners connect seniors with resources at energy assistance event
• Neutral Sentiment: A Dominion–NextEra merger hearing examined potential effects on electricity rates and demand from data centers. The proceeding could influence the transaction’s eventual terms and strategic value, but no final decision was reported. Dominion-NextEra merger hearing focused on rates, data centers
• Negative Sentiment: Public comments from residents and limits on access to a commission memo highlight opposition and procedural uncertainty surrounding the proposed Dominion–NextEra merger. That uncertainty may weigh on the stock until regulators provide greater clarity. Commission limits access to memo in Dominion merger review
• Negative Sentiment: Truist Financial lowered its Dominion Energy price target from $66 to $62 and maintained a “hold” rating, signaling reduced near-term upside expectations and contributing to pressure on the shares.

Dominion Energy Company Profile

Dominion Energy, Inc is an energy company headquartered in Richmond, Virginia. Through its regulated utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers.

Dominion Energy's primary electric utility operations serve customers in Virginia and northeastern North Carolina. The company also operates Dominion Energy South Carolina, which provides electric and natural gas services in South Carolina.

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