KeyCorp Has Pessimistic View of Dominion Energy Q3 Earnings

Key Points

• KeyCorp cut Dominion Energy’s Q3 2026 EPS forecast to $1.23 from $1.42, though it raised its Q4 and longer-term earnings estimates modestly.
• Dominion Energy’s latest quarter exceeded expectations, with EPS of $0.79 versus $0.68 and revenue up 17.6% year over year to $4.48 billion. The company’s FY2026 EPS guidance remains $3.45–$3.69.
• Analyst sentiment remains cautious: the stock carries a consensus “Hold” rating with an average price target of $69.87, while its annualized dividend is $2.67 per share, yielding about 4.2%.

Dominion Energy Inc. (NYSE:D - Free Report) - Equities researchers at KeyCorp lowered their Q3 2026 earnings per share estimates for shares of Dominion Energy in a research report issued on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $1.23 for the quarter, down from their previous estimate of $1.42. The consensus estimate for Dominion Energy's current full-year earnings is $3.59 per share. KeyCorp also issued estimates for Dominion Energy's Q4 2026 earnings at $0.62 EPS, FY2026 earnings at $3.58 EPS, FY2029 earnings at $4.32 EPS and FY2030 earnings at $4.61 EPS.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter 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.

A number of other research firms have also issued reports on D. Weiss Ratings lowered Dominion Energy from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Barclays dropped their target price on Dominion Energy from $70.00 to $69.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 23rd. Evercore increased their target price on Dominion Energy from $67.00 to $70.00 in a research report on Thursday, October 8th. Scotiabank cut their target price on Dominion Energy from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research note on Wednesday, September 30th. Finally, Truist Financial reduced their price target on shares of Dominion Energy from $66.00 to $62.00 and set a "hold" rating for the company in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $69.87.

Dominion Energy Stock Up 0.9%

NYSE:D opened at $62.88 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The stock has a 50 day moving average of $64.63 and a 200-day moving average of $65.80. The firm has a market capitalization of $55.30 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 2.89 and a beta of 0.64. Dominion Energy has a 52 week low of $55.85 and a 52 week high of $72.99.

Institutional Trading of Dominion Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in D. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Dominion Energy by 21.5% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,060 shares of the utilities provider's stock worth $306,000 after purchasing an additional 897 shares during the period. B.A. Schrock Wealth Management Inc. acquired a new stake in shares of Dominion Energy in the third quarter worth $333,000. ZWJ Investment Counsel Inc. lifted its stake in shares of Dominion Energy by 35.8% in the third quarter. ZWJ Investment Counsel Inc. now owns 7,579 shares of the utilities provider's stock worth $459,000 after buying an additional 2,000 shares during the last quarter. Virginia Wealth Management Group Inc. boosted its holdings in shares of Dominion Energy by 1.4% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 58,099 shares of the utilities provider's stock worth $3,516,000 after buying an additional 792 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Dominion Energy by 175.5% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 13,287 shares of the utilities provider's stock worth $804,000 after buying an additional 8,464 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 20th. Investors of record on Friday, September 4th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, September 4th. Dominion Energy's dividend payout ratio is currently 93.03%.

More Dominion Energy News

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

• Positive Sentiment: KeyCorp raised its Q4 2026 EPS forecast to $0.62 from $0.53 and increased its FY2026 estimate to $3.58 from $3.55. The firm also lifted its long-term forecasts slightly, including FY2029 EPS to $4.32 and FY2030 EPS to $4.61, suggesting modestly improved expectations for Dominion Energy’s earnings trajectory.
• Positive Sentiment: Charleston officials advanced an updated agreement intended to streamline Dominion Energy’s underground powerline projects. Faster project approvals could support grid modernization and infrastructure investment. Updated Dominion agreement aims to streamline underground powerline projects
• Positive Sentiment: Dominion expanded its EnergyShare assistance program, providing support for customers facing energy costs. The initiative may strengthen community relations, although it is unlikely to materially affect near-term earnings. Dominion Energy Expands EnergyShare Program
• Neutral Sentiment: Dominion’s EnergyShare program also assisted a Portsmouth resident with home upgrades, reinforcing the company’s customer-support efforts but carrying limited direct financial impact. Dominion Energy: EnergyShare program assists Portsmouth grandmother with home upgrades
• Negative Sentiment: KeyCorp lowered its Q3 2026 EPS estimate to $1.23 from $1.42 and trimmed FY2027 and FY2028 estimates slightly. The Q3 reduction offsets much of the optimism from the higher Q4 and long-term forecasts.
• Negative Sentiment: Truist Financial lowered its expectations for Dominion Energy’s stock price, adding pressure to investor sentiment and potentially signaling less upside in the near term. Truist Financial Has Lowered Expectations for Dominion Energy Stock Price
• Negative Sentiment: Thousands of customers in Virginia Beach and Chesapeake experienced power outages. Although likely temporary, outages can increase restoration costs and create reputational and regulatory concerns. Thousands of Dominion Energy customers without power

About Dominion Energy

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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