Dominion Energy (NYSE:D – Get Free Report) announced its earnings results on Friday. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11, FiscalAI reports. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. Dominion Energy updated its FY 2026 guidance to 3.450-3.690 EPS.
Here are the key takeaways from Dominion Energy’s conference call:
- Dominion reaffirmed its 2026 financial guidance, citing strong first-half results, completed common-equity financing, and FFO-to-debt metrics above 15%.
- Electricity demand remains robust, with data-center contracts increasing by more than 5 gigawatts since year-end 2025 and record peak-demand days in Dominion’s service territory.
- The Coastal Virginia Offshore Wind project’s final turbine installation target was pushed back six months to year-end 2027, while the cost estimate rose approximately 2% to $11.65 billion, although management said the project is 81% complete and substantially de-risked.
- Dominion reported constructive regulatory progress, including approval of 100% of its 2025 rider revenue request and settlements in South Carolina, while its proposed NextEra combination proceeds through shareholder and regulatory reviews.
- Dominion is advancing nearly 5 gigawatts of new gas-fired generation at Kennedy Station and Mount Storm and expects to accelerate battery-storage development to meet rising demand and new legislative requirements.
Dominion Energy Price Performance
Shares of D stock traded down $0.41 on Friday, reaching $69.32. The company’s stock had a trading volume of 3,581,040 shares, compared to its average volume of 5,973,177. The company has a market capitalization of $60.96 billion, a P/E ratio of 20.51 and a beta of 0.65. Dominion Energy has a 12-month low of $55.85 and a 12-month high of $72.99. The stock’s 50 day simple moving average is $68.77 and its 200-day simple moving average is $64.77. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38.
Dominion Energy Announces Dividend
Institutional Trading of Dominion Energy
Several institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC lifted its position in Dominion Energy by 64.3% during the fourth quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock valued at $489,000 after purchasing an additional 3,553 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Dominion Energy by 9.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 124,573 shares of the utilities provider’s stock worth $7,041,000 after buying an additional 10,775 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Dominion Energy during the 4th quarter valued at $574,000. Chapman Financial Group LLC purchased a new stake in shares of Dominion Energy during the 2nd quarter valued at $521,000. Finally, Syon Capital LLC lifted its holdings in shares of Dominion Energy by 42.5% during the 4th quarter. Syon Capital LLC now owns 7,840 shares of the utilities provider’s stock worth $459,000 after acquiring an additional 2,338 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Wall Street Analysts Forecast Growth
D has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Barclays reduced their price objective on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Jefferies Financial Group raised Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $65.00 to $76.00 in a research report on Thursday, May 28th. Seaport Research Partners downgraded shares of Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Mizuho boosted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $68.00.
Get Our Latest Stock Analysis on D
Key Stories Impacting Dominion Energy
Here are the key news stories impacting Dominion Energy this week:
- Positive Sentiment: Dominion reported second-quarter operating earnings of $0.79 per share, above the $0.68 analyst consensus, while revenue rose 17.6% year over year to $4.48 billion, exceeding expectations of $4.04 billion. Dominion Energy Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Virginia utility performance and growing electricity demand from data centers supported the quarter. Dominion said demand from server facilities in its service territory has surpassed 50 gigawatts, strengthening the long-term case for power-load growth. Top US Data Center-Serving Utility Dominion Tops Profit Estimates
- Positive Sentiment: The company plans to build a natural-gas power plant at Mount Storm, potentially adding generation capacity to serve rising electricity demand. Dominion to Build Natural Gas Power Plant at Mount Storm
- Neutral Sentiment: Dominion reaffirmed fiscal 2026 operating EPS guidance of $3.45 to $3.69, with the midpoint of $3.57 slightly below the $3.59 consensus estimate. Dominion Energy Announces Second-Quarter 2026 Results
- Negative Sentiment: GAAP net income fell to $340 million, or $0.37 per share, from $760 million, or $0.88 per share, a year earlier. Rising operating expenses and weaker performance in some segments reduced the quality of the headline earnings beat.
- Negative Sentiment: A reported analyst downgrade recommended taking profits ahead of a potential NextEra Energy merger, while Virginia lawmakers’ consideration of a special session adds uncertainty around the transaction. Dominion Energy: Take Profits Ahead of the Potential NextEra Merger
- Negative Sentiment: Residents are protesting a Dominion power-line project and demanding that the line be buried, creating potential permitting, cost and execution risks. Concerns about aging grid infrastructure and customer complaints over high summer bills add to the company’s reputational and regulatory pressure.
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.
Featured Stories
- Five stocks we like better than Dominion Energy
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Dominion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Energy and related companies with MarketBeat.com's FREE daily email newsletter.
