Analyst Consensus ?
ConsensusHold30 ratings
Bullish1136.7%
Neutral1756.7%
Bearish26.6%
1 unmapped firm rating excluded from the percentages.
Dominion Energy, Inc. · D · FY2023 Q4 · Calendar Q1 2024
Dominion pairs CVOW risk sharing with debt-reduction plans
The supplied analysis supports a measured thesis: Dominion’s CVOW partnership and planned debt reduction may improve financial resilience while transmission investment offers a demand-linked growth path. The case remains execution-dependent because regulatory approvals, construction costs, credit metrics, and dividend coverage remain key areas of concern.
Reported Before market openNYSEUtilities
$55.90B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.29
Consensus $0.38
EPS surprise
-23.7%
Reported versus consensus
Reported revenue
$3.25B
Consensus $4.21B
Revenue surprise
-22.6%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.5%
Event window
SPY move
+2.1%
Same window
Abnormal move
-3.6%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
+6.4%
Up to 20 sessions
DSPY benchmark
Ask FN2 about D FY2023 Q4
Transcript, numbers and history already loaded
Why did D fall 1.5% after missing EPS estimates in FY2023 Q4?What changed in D's guidance and outlook in FY2023 Q4?Give me the bull and bear case for D after FY2023 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Dominion added Stonepeak as a non-controlling CVOW equity partner, adopted deferred investment-tax-credit accounting, and emphasized using gas-utility sale proceeds and partner cash payments to reduce parent-level debt. The dividend policy and guidance were unchanged.
Guidance delta
Maintained; the supplied analysis reports no new guidance changes.
Key takeaways
- Stonepeak’s non-controlling partnership shares CVOW costs 50-50 up to $11.3 billion and is intended to improve Dominion’s credit profile.
- Management highlighted a deferral method for investment tax credits to reduce earnings volatility.
- The dividend commitment remained unchanged, while gas-utility sale proceeds were designated for parent-level debt reduction.
- Transmission investment tied to data-center demand remains a growth priority.
- Execution depends on construction progress, regulatory approvals, financing, and control of project costs.
Management priorities
- Complete CVOW construction and achieve commercial operation.
- Obtain regulatory approvals for the offshore-wind partnership.
- Reduce parent-level debt using gas-utility sale proceeds and CVOW partner cash payments.
- Pursue transmission projects supporting data-center growth.
- Present a comprehensive strategic and financial plan.
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Beat
Miss
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Analyst 52W Price Targets
$62.21Current
$52Low
$67.36Average
$92High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 19, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Hold | Hold | Maintain | Oct 12, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 18, 2026 |
| TD Cowen | Buy | Hold | Upgrade | Aug 19, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Aug 17, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 22, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 23, 2026 |
| Jefferies | Buy | Hold | Upgrade | May 28, 2026 |
| Mizuho | Neutral | Neutral | Maintain | May 26, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | May 20, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | May 19, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | May 15, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Apr 15, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Mar 2, 2026 |
| JP Morgan | Underweight | Underweight | Maintain | Dec 11, 2025 |
| UBS | Neutral | Neutral | Maintain | Mar 21, 2025 |
| Guggenheim | Buy | Buy | Maintain | Mar 4, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 14, 2023 |
| Goldman Sachs | Neutral | Sell | Upgrade | Nov 14, 2022 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Nov 7, 2022 |
| Keybanc | Overweight | Downgrade | Oct 20, 2022 | |
| CFRA | Buy | Buy | Maintain | Feb 11, 2020 |
| Citigroup | Neutral | Neutral | Maintain | Feb 3, 2020 |
| Bank of America | Neutral | Underperform | Upgrade | Jun 13, 2019 |
| Macquarie | Neutral | Outperform | Downgrade | Mar 18, 2019 |
| Argus Research | Buy | Buy | Maintain | Sep 19, 2018 |
| Argus | Buy | Buy | Maintain | Sep 19, 2018 |
| Deutsche Bank | Hold | Hold | Maintain | Aug 3, 2017 |
| Scotia Howard Weil | Outperform | Sector Outperform | Maintain | Nov 17, 2015 |
| S&P Capital IQ | Sell | Hold | Downgrade | Jan 31, 2014 |
| ISI Group | Buy | Neutral | Upgrade | Sep 16, 2013 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Apr 9, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $62.21. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $62 | $61.64 | -0.3% | Oct 12, 2026 |
| UBS | Analyst unavailable | $80 | $68.64 | +28.6% | Aug 19, 2026 |
| Evercore ISI | Analyst unavailable | $70 | $68.76 | +12.5% | Aug 17, 2026 |
| Truist Financial | Analyst unavailable | $66 | $68.36 | +6.1% | Aug 13, 2026 |
| Morgan Stanley | David Arcaro | $71 | $70.84 | +14.1% | Jul 22, 2026 |
| Morgan Stanley | Analyst unavailable | $69 | $68.98 | +10.9% | Jun 24, 2026 |
| Barclays | Nicholas Campanella | $69 | $68.05 | +10.9% | Jun 23, 2026 |
| Jefferies | Analyst unavailable | $76 | $67.2 | +22.2% | May 28, 2026 |
| Mizuho Securities | Anthony Crowdell | $72 | $67.67 | +15.7% | May 26, 2026 |
| RBC Capital | Stephen D'Ambrisi | $72 | $67.56 | +15.7% | May 18, 2026 |
| Wells Fargo | Shahriar Pourreza | $68 | $62.97 | +9.3% | May 15, 2026 |
| Barclays | Nicholas Campanella | $70 | $63.94 | +12.5% | May 4, 2026 |
| Morgan Stanley | Analyst unavailable | $68 | $61.55 | +9.3% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $66 | $62.22 | +6.1% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $67 | $62.22 | +7.7% | Apr 20, 2026 |
| Jefferies | Analyst unavailable | $65 | $65.07 | +4.5% | Apr 10, 2026 |
| Mizuho Securities | Analyst unavailable | $66 | $64.23 | +6.1% | Feb 24, 2026 |
| Morgan Stanley | Analyst unavailable | $67 | $65.92 | +7.7% | Feb 20, 2026 |
| RBC Capital | Stephen D'Ambrisi | $69 | $59.42 | +10.9% | Jan 23, 2026 |
| UBS | Analyst unavailable | $64 | $59.34 | +2.9% | Dec 17, 2025 |
| BMO Capital | Analyst unavailable | $65 | $58.69 | +4.5% | Nov 3, 2025 |
| RBC Capital | Stephen D'Ambrisi | $70 | $60.8 | +12.5% | Oct 27, 2025 |
| Wells Fargo | Shahriar Pourreza | $67 | $60.8 | +7.7% | Oct 27, 2025 |
| Morgan Stanley | Analyst unavailable | $66 | $61.45 | +6.1% | Oct 22, 2025 |
| Barclays | Nicholas Campanella | $63 | $61.5 | +1.3% | Oct 7, 2025 |
| Evercore ISI | Nicholas Amicucci | $67 | $61.5 | +7.7% | Oct 6, 2025 |
| Morgan Stanley | David Arcaro | $63 | $60.03 | +1.3% | Sep 25, 2025 |
| Morgan Stanley | David Arcaro | $60 | $54.18 | -3.6% | Jun 18, 2025 |
| Morgan Stanley | David Arcaro | $62 | $55.66 | -0.3% | May 22, 2025 |
| Morgan Stanley | David Arcaro | $61 | $57.46 | -1.9% | Dec 2, 2024 |
| Goldman Sachs | Carly Davenport | $61 | $57.29 | -1.9% | Nov 8, 2024 |
| Jefferies | Julien Dumoulin-Smith | $58 | $57.48 | -6.8% | Sep 19, 2024 |
| Evercore ISI | Durgesh Chopra | $56 | $56.46 | -10.0% | Aug 23, 2024 |
| BMO Capital | James Thalacker | $57 | $56.08 | -8.4% | Aug 5, 2024 |
| BMO Capital | James Thalacker | $52 | $51.5 | -16.4% | May 6, 2024 |
| Mizuho Securities | Anthony Crowdell | $52 | $51.16 | -16.4% | May 3, 2024 |
| Barclays | Nicholas Campanella | $49 | $48.91 | -21.2% | Apr 15, 2024 |
| Barclays | Eric Beaumont | $52 | $42.32 | -16.4% | Oct 4, 2023 |
| J.P. Morgan | Jeremy Tonet | $55 | $49.21 | -11.6% | Aug 4, 2023 |
| Seaport Global | Angie Storozynski | $59 | $49.86 | -5.2% | Jun 5, 2023 |
| Mizuho Securities | Anthony Crowdell | $58 | $54.06 | -6.8% | May 16, 2023 |
| Morgan Stanley | Analyst unavailable | $65 | $63.1 | +4.5% | Feb 2, 2023 |
| J.P. Morgan | Analyst unavailable | $66 | $61.85 | +6.1% | Jan 11, 2023 |
| Wells Fargo | Sarah Akers | $64 | $58.25 | +2.9% | Dec 7, 2022 |
| UBS | Analyst unavailable | $63 | $59.18 | +1.3% | Dec 6, 2022 |
| Goldman Sachs | Michael Lapides | $69 | $61.66 | +10.9% | Nov 13, 2022 |
| Credit Suisse | Michael Weinstein | $69 | $62.16 | +10.9% | Nov 7, 2022 |
| Morgan Stanley | Analyst unavailable | $90 | $78.32 | +44.7% | Sep 22, 2022 |
| Morgan Stanley | Analyst unavailable | $92 | $84.25 | +47.9% | Aug 23, 2022 |
| BMO Capital | Analyst unavailable | $91 | $81.77 | +46.3% | Aug 9, 2022 |
| Mizuho Securities | Anthony Crowdell | $81 | $78.94 | +30.2% | Jul 27, 2022 |
| Morgan Stanley | Analyst unavailable | $84 | $75.58 | +35.0% | Jul 21, 2022 |
| Barclays | Analyst unavailable | $86 | $79.2 | +38.2% | Jul 18, 2022 |
| UBS | Analyst unavailable | $90 | $79.02 | +44.7% | Jun 30, 2022 |
| Morgan Stanley | Analyst unavailable | $87 | $83.52 | +39.8% | May 23, 2022 |
| Mizuho Securities | Anthony Crowdell | $87 | $82.15 | +39.8% | May 10, 2022 |
| Morgan Stanley | Analyst unavailable | $94 | $86.99 | +51.1% | Apr 20, 2022 |
| Mizuho Securities | Anthony Crowdell | $82 | $79.16 | +31.8% | Jan 10, 2022 |
| Scotiabank | Andrew Weisel | $92 | $73.51 | +47.9% | Jul 6, 2021 |
Track every rating change on D the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationDominion Energy, Inc. is an American energy company that provides regulated electricity and natural gas services. It generates, transmits, and distributes electricity to customers in Virginia and the Carolinas, and distributes natural gas to customers in multiple states including South Carolina, Ohio, and Utah. The company's asset portfolio includes electric generation capacity from various sources including renewables, electric transmission and distribution lines, and natural gas infrastructure.
Historical context
All D earningsLatest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars · 2026-10-19T19:50:43.522619+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-19T19:50:43.519859+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-19. For educational purposes only; not investment advice.