Dominion Energy (NYSE:D) Issues Quarterly Earnings Results

Dominion Energy (NYSE:D) issued its quarterly earnings results on Friday. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06, Briefing.com reports. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. The company’s revenue was up 23.1% compared to the same quarter last year. Dominion Energy updated its FY 2026 guidance to 3.450-3.690 EPS.

Here are the key takeaways from Dominion Energy’s conference call:

• Management reaffirmed full-year financial guidance, reported Q1 operating EPS of $0.95 (GAAP $0.69), said FFO-to-debt metrics remain above 15%, and noted ~$1.2B of ATM equity issued year-to-date.
• The Coastal Virginia Offshore Wind (CVOW) project is over 75% complete, achieved first power in March, and the company expects the majority of turbines placed in service by end-2026 with remaining units by mid-2027.
• CVOW budget is now $11.4B (≈$100M lower than prior update) with $123M of unused contingency, and Dominion estimates about $5B of fuel savings for customers in the project’s first 10 years.
• Cost risks remain for CVOW — potential Section 232 steel/aluminum tariffs could add roughly $200M, while PJM transmission-cost reallocations are pending and could shift allocations, creating near-term uncertainty.
• Long-term growth catalysts include Virginia’s new storage mandate (petition for 20 GW by 2045) and a data-center pipeline of over 50 GW (≈10.4 GW contracted), which the company says could accelerate regulated capital deployment and extend growth.

Dominion Energy Stock Down 0.9%

D stock traded down $0.57 during mid-day trading on Friday, reaching $63.93. 6,257,867 shares of the company traded hands, compared to its average volume of 5,309,296. The stock has a market cap of $56.19 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 3.29 and a beta of 0.67. The firm’s 50 day moving average price is $62.56 and its 200 day moving average price is $61.27. Dominion Energy has a fifty-two week low of $52.53 and a fifty-two week high of $67.57. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 1.36.

Trending Headlines about Dominion Energy

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

• Positive Sentiment: Q1 operating EPS and revenue beat estimates — operating EPS $0.95 vs. $0.89 expected (+6.95%); revenue $5.02B vs. ~$4.43B expected (+~17%). Strong top-line growth (Y/Y +23%) supports earnings outlook and shows demand strength. Dominion Energy (D) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Operational drivers: higher Virginia power demand, favorable weather and RNG tax credits helped results; Coastal Virginia Offshore Wind (CVOW) progress noted on the call, supporting the company’s transition/renewables thesis. Dominion beats quarterly profit estimates on higher Virginia power demand
• Neutral Sentiment: FY2026 operating EPS guidance reaffirmed at $3.450–$3.690 (company midpoint ≈ $3.57 vs. street ≈ $3.59). Reaffirmation reduces surprise risk but the lower bound sits below consensus, leaving limited upside from guidance alone. Dominion Energy Announces First-Quarter 2026 Results
• Negative Sentiment: GAAP net income declined Y/Y (Q1 GAAP $0.69/shr vs. $0.77/shr prior year) even though operating (non‑GAAP) EPS beat — the GAAP miss and mix differences can pressure sentiment among more conservative investors. Dominion Energy Announces First-Quarter 2026 Results
• Negative Sentiment: Regulatory/reputational risk: a new state law mandates review of Dominion’s load forecasting amid data center growth — potential for regulatory scrutiny or changes to planning assumptions. New state law mandates review of Dominion’s load forecasting, as data centers raise concerns
• Negative Sentiment: Customer impact headlines: local reports of electric-bill increases (e.g., Culpeper) could attract negative publicity and political pressure around rates. That can influence regulatory outcomes and near-term sentiment. Culpeper residents to see increase in electric bill driven by higher power costs

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on D. Wells Fargo & Company dropped their price target on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Bank of America upped their target price on Dominion Energy from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Truist Financial started coverage on Dominion Energy in a research report on Tuesday, April 21st. They set a “hold” rating and a $67.00 target price on the stock. Mizuho upped their target price on Dominion Energy from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Finally, Scotiabank upped their target price on Dominion Energy from $63.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.69.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently bought and sold shares of D. Wellington Management Group LLP raised its position in Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after buying an additional 14,197,581 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in Dominion Energy in the 4th quarter valued at $125,495,000. State Street Corp raised its position in Dominion Energy by 3.6% in the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after buying an additional 1,686,050 shares during the last quarter. Invesco Ltd. raised its position in Dominion Energy by 10.8% in the 3rd quarter. Invesco Ltd. now owns 11,545,003 shares of the utilities provider’s stock valued at $706,208,000 after buying an additional 1,129,130 shares during the last quarter. Finally, Morgan Stanley raised its position in Dominion Energy by 8.5% in the 4th quarter. Morgan Stanley now owns 11,910,925 shares of the utilities provider’s stock valued at $697,861,000 after buying an additional 929,668 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

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.