Dominion Energy Inc. (NYSE:D) to Issue Quarterly Dividend of $0.67

Dominion Energy Inc. (NYSE:D) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.6675 per share by the utilities provider on Sunday, December 20th. This represents a $2.67 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, December 4th.

Dominion Energy has a dividend payout ratio of 74.6% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.4%

NYSE:D opened at $65.39 on Wednesday. Dominion Energy has a 12 month low of $55.85 and a 12 month high of $72.99. The business’s 50-day moving average is $63.94 and its 200 day moving average is $64.67.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, July 31st. The utilities provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, equities analysts predict that Dominion Energy will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Evercore increased their price objective on Dominion Energy from $67.00 to $70.00 in a research note on Thursday, October 8th. Mizuho dropped their price objective on shares of Dominion Energy from $72.00 to $67.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 20th. UBS Group set a $80.00 price objective on shares of Dominion Energy in a report on Wednesday, August 19th. Weiss Ratings downgraded shares of Dominion Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, TD Cowen upgraded Dominion Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $69.00 to $80.00 in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus price target of $69.27.

Dominion Energy Company Profile

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas distribution services to residential, commercial, industrial and governmental customers, primarily in Virginia and South Carolina.

The company operates a diversified power-generation portfolio that includes nuclear, natural gas, renewable energy and other resources. Its activities also include electricity transmission infrastructure, renewable energy development and natural gas utility operations.