Scotiabank Predicts Increased Earnings for Dominion Energy

Dominion Energy Inc. (NYSE:DFree Report) – Analysts at Scotiabank upped their FY2025 EPS estimates for shares of Dominion Energy in a report released on Friday, January 23rd. Scotiabank analyst A. Weisel now expects that the utilities provider will earn $3.43 per share for the year, up from their previous estimate of $3.41. The consensus estimate for Dominion Energy’s current full-year earnings is $3.39 per share.

D has been the subject of a number of other reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 price target on shares of Dominion Energy in a research report on Tuesday, October 28th. Barclays lowered their target price on shares of Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Wells Fargo & Company cut their price target on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. TD Cowen initiated coverage on shares of Dominion Energy in a research note on Friday, January 9th. They issued a “hold” rating and a $65.00 price objective for the company. Finally, Morgan Stanley boosted their target price on Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $64.33.

Check Out Our Latest Report on Dominion Energy

Dominion Energy Price Performance

NYSE:D opened at $61.18 on Monday. The firm has a market capitalization of $52.25 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.63 and a beta of 0.72. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. The business has a 50 day simple moving average of $59.67 and a 200-day simple moving average of $59.97. Dominion Energy has a 1 year low of $48.07 and a 1 year high of $62.87.

Dominion Energy (NYSE:DGet Free Report) last announced its quarterly earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of D. Vanguard Group Inc. raised its holdings in Dominion Energy by 16.2% in the 2nd quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after buying an additional 14,715,895 shares during the period. Capital Research Global Investors raised its stake in shares of Dominion Energy by 22.4% in the 3rd quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock valued at $3,355,175,000 after acquiring an additional 10,049,691 shares during the period. Norges Bank acquired a new position in shares of Dominion Energy in the 2nd quarter worth approximately $566,924,000. Mizuho Markets Americas LLC boosted its position in shares of Dominion Energy by 139.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock worth $53,065,000 after purchasing an additional 3,073,835 shares during the period. Finally, ANTIPODES PARTNERS Ltd increased its holdings in Dominion Energy by 84,502.3% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock valued at $106,150,000 after purchasing an additional 1,733,143 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio (DPR) is 90.82%.

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About Dominion Energy

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Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.

See Also

Earnings History and Estimates for Dominion Energy (NYSE:D)

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