FY2024 EPS Estimates for Dominion Energy, Inc. (NYSE:D) Lifted by Analyst

Dominion Energy, Inc. (NYSE:D - Free Report) - Stock analysts at Seaport Res Ptn lifted their FY2024 earnings estimates for Dominion Energy in a research report issued on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $2.76 per share for the year, up from their prior estimate of $2.64. The consensus estimate for Dominion Energy's current full-year earnings is $2.75 per share.

A number of other research firms have also commented on D. Guggenheim dropped their price objective on Dominion Energy from $57.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, March 4th. Wells Fargo & Company increased their price objective on Dominion Energy from $49.00 to $51.00 and gave the company an "equal weight" rating in a research report on Thursday, March 7th. Bank of America boosted their target price on shares of Dominion Energy from $40.00 to $43.00 and gave the stock an "underperform" rating in a research report on Tuesday, April 23rd. Mizuho reduced their price target on shares of Dominion Energy from $47.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, March 6th. Finally, Barclays dropped their price objective on shares of Dominion Energy from $50.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $49.10.

Dominion Energy Stock Performance

Dominion Energy stock traded up $0.69 during trading hours on Monday, reaching $51.14. 2,603,696 shares of the company were exchanged, compared to its average volume of 5,295,269. Dominion Energy has a 12 month low of $39.18 and a 12 month high of $57.65. The firm has a market cap of $42.83 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 3.37 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average of $48.27 and a 200 day moving average of $46.49.

Dominion Energy (NYSE:D - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $4.21 billion. Dominion Energy had a net margin of 12.40% and a return on equity of 8.83%. The firm's revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.06 EPS.

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in D. Criterion Capital Advisors LLC bought a new stake in shares of Dominion Energy in the fourth quarter worth $29,000. Rise Advisors LLC acquired a new position in shares of Dominion Energy during the 1st quarter worth about $30,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Dominion Energy in the fourth quarter valued at about $30,000. Venturi Wealth Management LLC raised its holdings in Dominion Energy by 84.5% during the fourth quarter. Venturi Wealth Management LLC now owns 677 shares of the utilities provider's stock worth $32,000 after acquiring an additional 310 shares in the last quarter. Finally, FSC Wealth Advisors LLC boosted its position in Dominion Energy by 149.6% during the third quarter. FSC Wealth Advisors LLC now owns 684 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 410 shares during the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Joseph M. Rigby bought 2,130 shares of the stock in a transaction dated Wednesday, March 6th. The stock was bought at an average cost of $46.94 per share, with a total value of $99,982.20. Following the purchase, the director now owns 8,417 shares of the company's stock, valued at $395,093.98. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other Dominion Energy news, CEO Robert M. Blue bought 21,735 shares of Dominion Energy stock in a transaction on Monday, March 4th. The shares were purchased at an average cost of $45.91 per share, for a total transaction of $997,853.85. Following the completion of the acquisition, the chief executive officer now owns 176,240 shares in the company, valued at approximately $8,091,178.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph M. Rigby acquired 2,130 shares of the business's stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the acquisition, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The disclosure for this purchase can be found here. Insiders own 0.14% of the company's stock.

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.