Dominion Energy (NYSE:D) Releases FY24 Earnings Guidance

Dominion Energy (NYSE:D) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.62-$2.87 for the period, compared to the consensus estimate of $2.82.

Dominion Energy Stock Up 0.5 %

Shares of D stock opened at $51.40 on Friday. Dominion Energy has a 1 year low of $39.18 and a 1 year high of $57.27. The stock has a market cap of $43.05 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 3.43 and a beta of 0.59. The business’s fifty day moving average is $48.67 and its 200-day moving average is $46.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.97 and a current ratio of 1.04.

Dominion Energy (NYSE:D) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a return on equity of 7.46% and a net margin of 11.57%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. Equities analysts expect that Dominion Energy will post 2.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

D has been the topic of a number of recent research reports. Guggenheim decreased their target price on Dominion Energy from $57.00 to $52.00 and set a buy rating on the stock in a report on Monday, March 4th. Wells Fargo & Company lifted their target price on Dominion Energy from $51.00 to $55.00 and gave the stock an equal weight rating in a report on Friday. Mizuho lifted their target price on Dominion Energy from $45.00 to $52.00 and gave the stock a neutral rating in a report on Friday. Bank of America raised their target price on Dominion Energy from $40.00 to $43.00 and gave the stock an underperform rating in a research report on Tuesday, April 23rd. Finally, StockNews.com cut Dominion Energy from a hold rating to a sell rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dominion Energy currently has an average rating of Hold and a consensus price target of $50.45.

Insiders Place Their Bets

In other Dominion Energy news, Director Joseph M. Rigby bought 2,130 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the purchase, the director now directly owns 8,417 shares in the company, valued at $395,093.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Robert M. Blue purchased 21,735 shares of Dominion Energy stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $45.91 per share, with a total value of $997,853.85. Following the completion of the transaction, the chief executive officer now owns 176,240 shares of the company’s stock, valued at approximately $8,091,178.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph M. Rigby purchased 2,130 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $46.94 per share, for a total transaction of $99,982.20. Following the transaction, the director now directly owns 8,417 shares in the company, valued at approximately $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.