KeyCorp Weighs in on Dominion Energy’s Q3 Earnings (NYSE:D)

Dominion Energy Inc. (NYSE:D) – Equities research analysts at KeyCorp decreased their Q3 2026 earnings per share (EPS) estimates for shares of Dominion Energy in a note issued to investors on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will earn $1.23 per share for the quarter, down from their previous forecast of $1.42. The consensus estimate for Dominion Energy’s current full-year earnings is $3.59 per share. KeyCorp also issued estimates for Dominion Energy’s Q4 2026 earnings at $0.62 EPS, FY2026 earnings at $3.58 EPS, FY2029 earnings at $4.32 EPS and FY2030 earnings at $4.61 EPS.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS.

A number of other equities analysts also recently weighed in on D. Wells Fargo & Company raised shares of Dominion Energy to a “strong-buy” rating in a research note on Thursday, September 24th. Truist Financial decreased their price target on shares of Dominion Energy from $66.00 to $62.00 and set a “hold” rating on the stock in a research note on Monday. Evercore upped their price objective on Dominion Energy from $67.00 to $70.00 in a report on Thursday, October 8th. Weiss Ratings lowered Dominion Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, TD Cowen raised Dominion Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $80.00 in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dominion Energy presently has an average rating of “Hold” and a consensus price target of $69.87.

Dominion Energy Stock Performance

NYSE D opened at $62.88 on Thursday. Dominion Energy has a 1-year low of $55.85 and a 1-year high of $72.99. The company has a 50 day moving average of $64.63 and a 200-day moving average of $65.80. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.43. The firm has a market cap of $55.30 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 2.89 and a beta of 0.64.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bryn Mawr Trust Advisors LLC bought a new position in shares of Dominion Energy during the 2nd quarter worth approximately $7,346,000. Ausbil Investment Management Ltd acquired a new stake in shares of Dominion Energy in the second quarter valued at approximately $4,603,000. Florida Trust Wealth Management Co lifted its position in shares of Dominion Energy by 51.6% in the second quarter. Florida Trust Wealth Management Co now owns 67,185 shares of the utilities provider’s stock worth $4,588,000 after purchasing an additional 22,870 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of Dominion Energy in the second quarter worth $1,141,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Dominion Energy during the second quarter worth $7,645,000. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 20th. Shareholders of record on Friday, September 4th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, September 4th. Dominion Energy’s dividend payout ratio is 93.03%.

Key Stories Impacting Dominion Energy

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: KeyCorp raised its Q4 2026 EPS forecast to $0.62 from $0.53 and increased its FY2026 estimate to $3.58 from $3.55. The firm also lifted its long-term forecasts slightly, including FY2029 EPS to $4.32 and FY2030 EPS to $4.61, suggesting modestly improved expectations for Dominion Energy’s earnings trajectory.
• Positive Sentiment: Charleston officials advanced an updated agreement intended to streamline Dominion Energy’s underground powerline projects. Faster project approvals could support grid modernization and infrastructure investment. Updated Dominion agreement aims to streamline underground powerline projects
• Positive Sentiment: Dominion expanded its EnergyShare assistance program, providing support for customers facing energy costs. The initiative may strengthen community relations, although it is unlikely to materially affect near-term earnings. Dominion Energy Expands EnergyShare Program
• Neutral Sentiment: Dominion’s EnergyShare program also assisted a Portsmouth resident with home upgrades, reinforcing the company’s customer-support efforts but carrying limited direct financial impact. Dominion Energy: EnergyShare program assists Portsmouth grandmother with home upgrades
• Negative Sentiment: KeyCorp lowered its Q3 2026 EPS estimate to $1.23 from $1.42 and trimmed FY2027 and FY2028 estimates slightly. The Q3 reduction offsets much of the optimism from the higher Q4 and long-term forecasts.
• Negative Sentiment: Truist Financial lowered its expectations for Dominion Energy’s stock price, adding pressure to investor sentiment and potentially signaling less upside in the near term. Truist Financial Has Lowered Expectations for Dominion Energy Stock Price
• Negative Sentiment: Thousands of customers in Virginia Beach and Chesapeake experienced power outages. Although likely temporary, outages can increase restoration costs and create reputational and regulatory concerns. Thousands of Dominion Energy customers without power

Dominion Energy Company Profile

Dominion Energy, Inc is an energy company headquartered in Richmond, Virginia. Through its regulated utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers.

Dominion Energy’s primary electric utility operations serve customers in Virginia and northeastern North Carolina. The company also operates Dominion Energy South Carolina, which provides electric and natural gas services in South Carolina.