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Dominion Energy (D) Stock Price, News & Analysis

$49.31
+0.20 (+0.41%)
(As of 07/8/2024 ET)
Today's Range
$48.92
$49.43
50-Day Range
$48.00
$53.94
52-Week Range
$39.18
$54.74
Volume
3.08 million shs
Average Volume
3.51 million shs
Market Capitalization
$41.30 billion
P/E Ratio
25.42
Dividend Yield
5.41%
Price Target
$51.73

Dominion Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
4.9% Upside
$51.73 Price Target
Short Interest
Healthy
2.08% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-4.80
Upright™ Environmental Score
News Sentiment
1.13mentions of Dominion Energy in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
22.91%
From $2.75 to $3.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.37 out of 5 stars

Utilities Sector

24th out of 90 stocks

Electric Services Industry

12th out of 42 stocks

D stock logo

About Dominion Energy Stock (NYSE:D)

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. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 0.4 million residential, commercial, and industrial customers in South Carolina. The Contracted Energy segment is involved in the nonregulated long-term contracted renewable electric generation and renewable natural gas facility. As of December 31, 2023, the company's portfolio of assets included approximately 29.5 gigawatt of electric generating capacity; 10,600 miles of electric transmission lines; 79,300 miles of electric distribution lines; and 94,800 miles of gas distribution mains and related service facilities. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.

D Stock Price History

D Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Ex-Dividend for 6/20 Dividend
5/31/2024
Dividend Payable
6/20/2024
Today
7/08/2024
Next Earnings (Confirmed)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
Multi-Utilities
CUSIP
25746U10
Employees
17,700
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$51.73
High Stock Price Target
$55.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+4.9%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$1.99 billion
Pretax Margin
17.26%

Debt

Sales & Book Value

Annual Sales
$14.39 billion
Cash Flow
$6.04 per share
Book Value
$30.77 per share

Miscellaneous

Free Float
836,588,000
Market Cap
$41.30 billion
Optionable
Optionable
Beta
0.58

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Key Executives

Should I Buy Dominion Energy Stock? D Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Dominion Energy, Inc.:

  • Dominion Energy stock has shown resilience, trading at $51.47 on the latest trading day, indicating stability in the market.
  • The company has a consistent track record of paying dividends, with a current dividend yield of 5.19%, providing investors with a steady income stream.
  • Dominion Energy has a diversified business model operating through three segments, which can help mitigate risks associated with a single sector.
  • The company's recent earnings report exceeded analyst expectations, showcasing strong financial performance and potential for growth.
  • With a consensus target price of $51.73, analysts see potential upside in Dominion Energy's stock, making it an attractive investment opportunity.

Cons

Investors should be bearish about investing in Dominion Energy, Inc. for these reasons:

  • Market analysts have given Dominion Energy a consensus rating of "Hold," indicating uncertainty about the stock's future performance.
  • The company's revenue in the latest quarter was down 6.5% compared to the same period last year, raising concerns about its growth trajectory.
  • Dominion Energy's dividend payout ratio is high at 137.63%, which may limit the company's ability to reinvest in growth opportunities.
  • Some investment firms have revised their price targets for Dominion Energy downwards, suggesting a potential lack of confidence in the stock's future prospects.
  • The company operates in the energy sector, which is subject to regulatory changes and market volatility, posing risks to investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 30, 2024. Please send any questions or comments about these Dominion Energy pros and cons to contact@marketbeat.com.

D Stock Analysis - Frequently Asked Questions

How have D shares performed this year?

Dominion Energy's stock was trading at $47.00 at the beginning of 2024. Since then, D shares have increased by 4.9% and is now trading at $49.31.
View the best growth stocks for 2024 here
.

How were Dominion Energy's earnings last quarter?

Dominion Energy, Inc. (NYSE:D) issued its quarterly earnings data on Thursday, May, 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The company's revenue was down 6.5% on a year-over-year basis.
Read the conference call transcript
.

What is Thomas F. Farrell II's approval rating as Dominion Energy's CEO?

166 employees have rated Dominion Energy Chief Executive Officer Thomas F. Farrell II on Glassdoor.com. Thomas F. Farrell II has an approval rating of 95% among the company's employees. This puts Thomas F. Farrell II in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does Dominion Energy have any subsidiaries?

Dominion Energy subsidiaries include SCANA, Phone House, Questar Corporation, Carolina Gas Transmission Corporation, Cove Point LNG Limited, Louis Dreyfus Natural Gas, Consolidated Natural Gas Company, and more.

Who are Dominion Energy's major shareholders?

Dominion Energy's top institutional shareholders include DNB Asset Management AS (0.03%), Beese Fulmer Investment Management Inc., Trust Co. of Toledo NA OH and Woodstock Corp. Insiders that own company stock include Robert M Blue, Diane Leopold, Susan N Story, Joseph M Rigby and James R Chapman.
View institutional ownership trends
.

How do I buy shares of Dominion Energy?

Shares of D stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Dominion Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Dominion Energy investors own include AT&T (T), Verizon Communications (VZ), Intel (INTC), AbbVie (ABBV), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM) and Cisco Systems (CSCO).

This page (NYSE:D) was last updated on 7/9/2024 by MarketBeat.com Staff

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