Dominion Energy Inc. (D) to Distribute Quarterly Dividend of $0.67 on September 20th

Dominion Energy Inc. (NYSE:D) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, September 4th will be given a dividend of 0.6675 per share by the utilities provider on Sunday, September 20th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, September 4th.

Dominion Energy has decreased its dividend payment by an average of 0.0%annually over the last three years. Dominion Energy has a dividend payout ratio of 74.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.1%

D stock opened at $70.54 on Thursday. The stock has a market cap of $62.04 billion, a P/E ratio of 20.87 and a beta of 0.65. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Dominion Energy has a twelve month low of $55.85 and a twelve month high of $72.99. The company’s 50 day moving average is $68.74 and its two-hundred day moving average is $64.69.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $4.43 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Research analysts expect that Dominion Energy will post 3.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on D. Royal Bank Of Canada raised their price target on Dominion Energy from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Barclays cut their target price on shares of Dominion Energy from $70.00 to $69.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Mizuho increased their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Finally, Bank of America raised their price objective on shares of Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.00.

About Dominion Energy

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.