Dominion Energy Inc. (D) To Go Ex-Dividend on May 29th

Dominion Energy Inc. (NYSE:D) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 29th will be given a dividend of 0.6675 per share by the utilities provider on Saturday, June 20th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, May 29th.

Dominion Energy has decreased its dividend payment by an average of 0.0%annually over the last three years. Dominion Energy has a payout ratio of 74.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dominion Energy to earn $3.81 per share next year, which means the company should continue to be able to cover its $2.67 annual dividend with an expected future payout ratio of 70.1%.

Dominion Energy Price Performance

D opened at $67.36 on Wednesday. The company’s 50 day simple moving average is $63.02 and its 200 day simple moving average is $61.77. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.78. Dominion Energy has a 1 year low of $53.36 and a 1 year high of $68.97. The stock has a market capitalization of $59.24 billion, a PE ratio of 19.93 and a beta of 0.65.

Dominion Energy (NYSE:D) last released its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.05. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.43 billion. During the same period last year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts expect that Dominion Energy will post 3.59 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on D. Mizuho raised their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday. Weiss Ratings upgraded shares of Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Scotiabank raised their price target on shares of Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Truist Financial began coverage on shares of Dominion Energy in a report on Tuesday, April 21st. They issued a “hold” rating and a $67.00 price target on the stock. Finally, Barclays raised their price target on shares of Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $66.92.

Dominion Energy Company Profile

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.