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Dominion Energy

NYSE:D
Snowflake Description

6 star dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
D
NYSE
$60B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Dominion Energy, Inc. produces and transports energy. The last earnings update was 49 days ago. More info.


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D Share Price and Events
7 Day Returns
-1.8%
NYSE:D
-1%
US Integrated Utilities
0.8%
US Market
1 Year Returns
13.4%
NYSE:D
14.2%
US Integrated Utilities
5.9%
US Market
D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dominion Energy (D) -1.8% -0.4% 8.9% 13.4% 7.8% 4.8%
US Integrated Utilities -1% -1.4% 9.3% 14.2% 19.1% 30.1%
US Market 0.8% 2.6% 10.6% 5.9% 37.7% 45.5%
1 Year Return vs Industry and Market
  • D outperformed the Market in United States of America which returned 5.9% over the past year.
Price Volatility
D
Industry
5yr Volatility vs Market

Value

 Is Dominion Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dominion Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dominion Energy.

NYSE:D Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:D
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Integrated Utilities Unlevered Beta Simply Wall St/ S&P Global 0.31
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.31 (1 + (1- 21%) (58.97%))
0.635
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:D using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dominion Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:D DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 1,305.00 Analyst x1 1,213.98
2020 1,993.50 Analyst x2 1,725.10
2021 1,807.00 Analyst x1 1,454.64
2022 1,697.57 Est @ -6.06% 1,271.24
2023 1,639.52 Est @ -3.42% 1,142.13
2024 1,613.69 Est @ -1.57% 1,045.73
2025 1,609.12 Est @ -0.28% 970.03
2026 1,619.10 Est @ 0.62% 907.97
2027 1,639.40 Est @ 1.25% 855.23
2028 1,667.21 Est @ 1.7% 809.07
Present value of next 10 years cash flows $11,395.12
NYSE:D DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,667.21 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$35,921.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $35,921.21 ÷ (1 + 7.5%)10
$17,432.00
NYSE:D Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $11,395.12 + $17,432.00
$28,827.11
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $28,827.11 / 799.40
$36.06
NYSE:D Discount to Share Price
Calculation Result
Value per share (USD) From above. $36.06
Current discount Discount to share price of $74.92
= -1 x ($74.92 - $36.06) / $36.06
-107.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Dominion Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dominion Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dominion Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $3.74
NYSE:D Share Price ** NYSE (2019-04-18) in USD $74.92
United States of America Integrated Utilities Industry PE Ratio Median Figure of 15 Publicly-Listed Integrated Utilities Companies 20.59x
United States of America Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 18.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dominion Energy.

NYSE:D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:D Share Price ÷ EPS (both in USD)

= 74.92 ÷ 3.74

20.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dominion Energy is good value based on earnings compared to the US Integrated Utilities industry average.
  • Dominion Energy is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Dominion Energy's expected growth come at a high price?
Raw Data
NYSE:D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
12.3%per year
United States of America Integrated Utilities Industry PEG Ratio Median Figure of 13 Publicly-Listed Integrated Utilities Companies 3.17x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NYSE:D PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.03x ÷ 12.3%

1.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dominion Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Dominion Energy's assets?
Raw Data
NYSE:D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $29.53
NYSE:D Share Price * NYSE (2019-04-18) in USD $74.92
United States of America Integrated Utilities Industry PB Ratio Median Figure of 17 Publicly-Listed Integrated Utilities Companies 2.18x
United States of America Market PB Ratio Median Figure of 5,172 Publicly-Listed Companies 1.93x
NYSE:D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:D Share Price ÷ Book Value per Share (both in USD)

= 74.92 ÷ 29.53

2.54x

* Primary Listing of Dominion Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dominion Energy is overvalued based on assets compared to the US Integrated Utilities industry average.
X
Value checks
We assess Dominion Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Integrated Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Integrated Utilities industry average (and greater than 0)? (1 check)
  5. Dominion Energy has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Dominion Energy expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dominion Energy expected to grow at an attractive rate?
  • Dominion Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Dominion Energy's earnings growth is positive but not above the United States of America market average.
  • Dominion Energy's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:D Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:D Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 12.3%
NYSE:D Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 10.2%
United States of America Integrated Utilities Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
United States of America Integrated Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:D Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 18,814 6,940 3,766 8
2020-12-31 18,179 6,549 3,601 11
2019-12-31 17,252 6,164 3,376 12
NYSE:D Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 13,366 4,773 2,447
2018-09-30 13,215 4,588 3,118
2018-06-30 12,943 4,614 2,929
2018-03-31 12,668 4,421 2,870
2017-12-31 12,586 4,502 2,999
2017-09-30 12,462 4,413 2,144
2017-06-30 12,415 4,469 2,169
2017-03-31 12,200 4,295 2,231
2016-12-31 11,737 4,151 2,123
2016-09-30 11,207 4,408 2,023
2016-06-30 11,046 4,333 1,926
2016-03-31 11,195 4,536 1,887

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dominion Energy's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • Dominion Energy's revenue is expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:D Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Dominion Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:D Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 4.66 4.70 4.64 3.00
2020-12-31 4.43 4.50 4.40 4.00
2019-12-31 4.21 4.22 4.19 4.00
NYSE:D Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 3.74
2018-09-30 4.80
2018-06-30 4.52
2018-03-31 4.47
2017-12-31 4.72
2017-09-30 3.39
2017-06-30 3.46
2017-03-31 3.57
2016-12-31 3.44
2016-09-30 3.32
2016-06-30 3.21
2016-03-31 3.17

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Dominion Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Dominion Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dominion Energy has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Dominion Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dominion Energy's growth in the last year to its industry (Integrated Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dominion Energy's year on year earnings growth rate has been positive over the past 5 years.
  • Dominion Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Dominion Energy's 1-year earnings growth is negative, it can't be compared to the US Integrated Utilities industry average.
Earnings and Revenue History
Dominion Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dominion Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:D Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 13,366.00 2,447.00 -469.00
2018-09-30 13,215.00 3,118.00 12.00
2018-06-30 12,943.00 2,929.00
2018-03-31 12,668.00 2,870.00
2017-12-31 12,586.00 2,999.00 -478.00
2017-09-30 12,462.00 2,144.00 63.00
2017-06-30 12,415.00 2,169.00
2017-03-31 12,200.00 2,231.00
2016-12-31 11,737.00 2,123.00 -456.00
2016-09-30 11,207.00 2,023.00
2016-06-30 11,046.00 1,926.00
2016-03-31 11,195.00 1,887.00
2015-12-31 11,683.00 1,899.00
2015-09-30 12,070.00 1,785.00
2015-06-30 12,149.00 1,721.00
2015-03-31 12,215.00 1,467.00
2014-12-31 12,436.00 1,310.00
2014-09-30 12,678.00 1,498.00
2014-06-30 13,060.00 1,561.00
2014-03-31 13,227.00 1,674.00
2013-12-31 13,120.00 1,789.00
2013-09-30 13,036.00 1,730.00
2013-06-30 12,936.00 1,399.00
2013-03-31 12,961.00 1,417.00
2012-12-31 12,835.00 1,427.00
2012-09-30 12,863.00 1,255.00
2012-06-30 13,276.00 1,382.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Dominion Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dominion Energy used its assets more efficiently than the US Integrated Utilities industry average last year based on Return on Assets.
  • Dominion Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dominion Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Integrated Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dominion Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Dominion Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dominion Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dominion Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Dominion Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Dominion Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dominion Energy Company Filings, last reported 3 months ago.

NYSE:D Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 22,048.00 35,317.00 282.00
2018-09-30 20,426.00 38,266.00 368.00
2018-06-30 20,036.00 37,810.00 190.00
2018-03-31 20,042.00 37,494.00 205.00
2017-12-31 19,370.00 37,409.00 126.00
2017-09-30 18,502.00 36,806.00 236.00
2017-06-30 17,205.00 37,122.00 265.00
2017-03-31 17,181.00 36,173.00 505.00
2016-12-31 16,840.00 35,148.00 271.00
2016-09-30 16,192.00 35,042.00 260.00
2016-06-30 15,452.00 29,938.00 381.00
2016-03-31 14,015.00 29,279.00 234.00
2015-12-31 13,602.00 28,985.00 610.00
2015-09-30 13,276.00 27,542.00 249.00
2015-06-30 12,855.00 27,094.00 272.00
2015-03-31 12,416.00 26,682.00 288.00
2014-12-31 11,957.00 26,157.00 331.00
2014-09-30 11,573.00 25,120.00 267.00
2014-06-30 11,567.00 24,661.00 453.00
2014-03-31 11,699.00 23,527.00 290.00
2013-12-31 11,642.00 23,033.00 432.00
2013-09-30 11,242.00 22,093.00 377.00
2013-06-30 11,060.00 22,340.00 190.00
2013-03-31 10,928.00 21,615.00 35.00
2012-12-31 10,625.00 21,809.00 284.00
2012-09-30 11,878.00 21,096.00 119.00
2012-06-30 11,953.00 21,252.00 201.00
  • Dominion Energy's level of debt (160.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (197.9% vs 160.2% today).
  • Debt is not well covered by operating cash flow (13.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Dominion Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dominion Energy has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Dominion Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.9%
Current annual income from Dominion Energy dividends. Estimated to be 5.1% next year.
If you bought $2,000 of Dominion Energy shares you are expected to receive $98 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Dominion Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Dominion Energy's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:D Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Integrated Utilities Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:D Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.89 1.00
2021-12-31 4.00 10.00
2020-12-31 3.85 13.00
2019-12-31 3.66 13.00
NYSE:D Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-12-14 3.670 4.991
2018-10-31 3.340 4.540
2018-07-31 3.340 4.676
2018-05-09 3.340 5.013
2018-01-26 3.340 4.788
2017-10-12 3.080 3.840
2017-08-01 3.020 3.866
2017-05-10 3.020 3.858
2017-01-24 3.020 3.959
2016-10-28 2.800 3.757
2016-08-02 2.800 3.756
2016-05-11 2.800 3.751
2016-01-21 2.800 3.916
2015-10-22 2.590 3.788
2015-08-04 2.590 3.650
2015-05-13 2.590 3.745
2015-02-09 2.590 3.608
2014-08-08 2.400 3.320
2014-05-19 2.400 3.468
2013-12-17 2.400 3.498
2013-10-25 2.250 3.459
2013-08-13 2.250 3.703
2013-05-03 2.250 3.871
2013-01-25 2.250 3.933
2012-10-18 2.110 4.086
2012-08-10 2.110 3.971
2012-05-08 2.110 3.960
2012-01-20 2.110 4.156
2011-10-21 1.970 3.843
2011-08-05 1.970 3.999
2011-05-12 1.970 4.094
2010-12-17 1.970 4.444
2010-10-22 1.830 4.289
2010-07-21 1.830 4.183
2010-05-18 1.830 4.550
2009-12-17 1.830 4.618
2009-10-16 1.750 4.792
2009-08-06 1.750 5.182
2009-05-05 1.750 5.369
2009-04-20 1.750 5.836

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Dominion Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Dominion Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dominion Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dominion Energy has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Dominion Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Farrell
COMPENSATION $14,956,442
AGE 64
TENURE AS CEO 13.3 years
CEO Bio

Mr. Thomas F. Farrell II, also known as Tom, has been the Chairman of Dominion Energy since April 27, 2007 and its Chief Executive Officer and President since April 2007. Mr. Farrell served as the Chairman of the Board at Scana Corporation and South Carolina Electric & Gas Company. He is the Chairman, Chief Executive Officer and President at Dominion Generation, Inc. Mr. Farrell has been Chief Executive Officer at Dominion Gas Holdings, LLC since September 2013. He serves as President of Virginia Electric and Power Company. He has been the Chairman and Chief Executive Officer of Questar Gas Company since September 2016. He has been the Chairman and Chief Executive Officer of Virginia Electric and Power Company since February 2007 and January 2006 respectively. He has been Chairman of the Board of Directors at Dominion Gas Holdings, LLC since March 2014. He has been Chairman and Chief Executive Officer of Dominion Midstream GP LLC, the General Partner of Dominion Midstream Partners, LP since March 2014 and has been its President since February 2015. He served as the Chief Executive Officer at Dominion Energy, Inc. since February 2002. He served as the Chairman, President, Chief Operating Officer and Chief Executive Officer of Consolidated Natural Gas Co. since January 2006. He served as the Chief Operating Officer at Dominion Resources, Inc., from January 1, 2004 to December 2005 and Executive Vice President from July 1998 to April 1999. He served as the President at Virginia Electric and Power Company from December 2002 to December 2003 and its Chief Executive Officer from May 1999 to December 2003. He served as an Executive Vice President of Consolidated Natural Gas Company since January 2000. He served as an Executive Vice President, General Counsel and Corporate Secretary of Virginia Electric and Power Company from July 1998 to April 1999. He served as an Executive Vice President and General Counsel of Virginia Electric and Power Company from April 1998 to June 1998. He served as an Executive Vice President at Virginia Electric and Power Company from September 1997 to April 1998. He served as Senior Vice President of Corporate Affairs of Dominion from September 1997 to March 1999. He serves as Vice Chairman of Edison Electric Institute Inc. He serves as the Vice Chairman and Trustee of Colonial Williamsburg Foundation. He has been an Executive Director of Dominion Resources, Inc. since March 1, 2005. He has been a Director of Associated Electric & Gas Insurance Services Limited since November 2014 and Virginia Electric and Power Company since 1999. He has been the Presiding Director and Independent Director of Altria Group Inc. since May 19, 2011 and 2008 respectively. He also serves on the boards of the Institute of Nuclear Power Operations and Virginia Commonwealth University's School of Engineering. He was a Member of the Board of Visitors and Vice Rector at The University of Virginia. He served as a Director of Consolidated Natural Gas Co. Mr. Farrell earned his undergraduate degree in economics in 1976 and his law degree in 1979, both from the University of Virginia.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year.
  • Tom's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Dominion Energy management team in years:

6.1
Average Tenure
50
Average Age
  • The average tenure for the Dominion Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Farrell

TITLE
Chairman
COMPENSATION
$15M
AGE
64
TENURE
13.3 yrs

Jim Chapman

TITLE
Executive VP
COMPENSATION
$3M
AGE
48
TENURE
0.4 yrs

Paul Koonce

TITLE
Executive VP and President & CEO of Power Generation Group
COMPENSATION
$4M
AGE
58
TENURE
13 yrs

Robert Blue

TITLE
Executive VP
COMPENSATION
$3M
AGE
50
TENURE
13.8 yrs

Diane Leopold

TITLE
Executive VP
COMPENSATION
$3M
AGE
51
TENURE
7 yrs

Michele Cardiff

TITLE
VP, Controller & Chief Accounting Officer
AGE
50
TENURE
5 yrs

Carter Reid

TITLE
Executive VP
AGE
49
TENURE
5.3 yrs

Tom Hamlin

TITLE
Vice President of Investor Relations & Financial Planning
TENURE
8.2 yrs

Carlos Brown

TITLE
Senior VP & General Counsel
AGE
43
TENURE
2.3 yrs

Bill Murray

TITLE
Senior Vice President of Corporate Affairs & Communications
AGE
50
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Dominion Energy board of directors in years:

6.3
Average Tenure
63
Average Age
  • The tenure for the Dominion Energy board of directors is about average.
Board of Directors

Tom Farrell

TITLE
Chairman
COMPENSATION
$15M
AGE
64
TENURE
12 yrs

John Harris

TITLE
Lead Director
COMPENSATION
$443K
AGE
70
TENURE
5.3 yrs

Mark Kington

TITLE
Director
COMPENSATION
$290K
AGE
58
TENURE
14 yrs

Robert Spilman

TITLE
Director
COMPENSATION
$290K
AGE
62
TENURE
9.3 yrs

Helen Dragas

TITLE
Director
COMPENSATION
$277K
AGE
57
TENURE
8.3 yrs

Mike Szymanczyk

TITLE
Director
COMPENSATION
$265K
AGE
69
TENURE
6.5 yrs

Pamela Royal

TITLE
Director
COMPENSATION
$270K
AGE
55
TENURE
6.1 yrs

Jim Ellis

TITLE
Director
COMPENSATION
$265K
AGE
70
TENURE
5.9 yrs

Ron Jibson

TITLE
Director
COMPENSATION
$265K
AGE
65
TENURE
2.6 yrs

Joe Rigby

TITLE
Director
COMPENSATION
$265K
AGE
61
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Dominion Energy insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Mar 19 Buy James Bennett Individual 13. Mar 19 13. Mar 19 6,550 $76.34 $499,998
13. Mar 19 Buy D. Hagood Individual 13. Mar 19 13. Mar 19 1,965 $76.34 $149,998
12. Mar 19 Sell Robert Spilman Individual 07. Mar 19 07. Mar 19 -1,215 $76.01 $-92,347
05. Feb 19 Sell Diane Leopold Individual 05. Feb 19 05. Feb 19 -2,500 $71.31 $-178,275
20. Dec 18 Buy James Chapman Individual 19. Dec 18 19. Dec 18 4,053 $74.02 $299,998
29. Aug 18 Buy John Harris Individual 28. Aug 18 28. Aug 18 10,000 $71.15 $711,500
11. May 18 Buy Thomas Farrell Individual 10. May 18 10. May 18 4,000 $63.44 $253,752
X
Management checks
We assess Dominion Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dominion Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Read This Before You Buy Dominion Energy, Inc. (NYSE:D) Because Of Its P/E Ratio

To keep it practical, we'll show how Dominion Energy, Inc.'s (NYSE:D) P/E ratio could help you assess the value on offer. … Dominion Energy has a price to earnings ratio of 20.49, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Dominion Energy, Inc. (NYSE:D) Should Be In Your Dividend Portfolio, Here's Why

In the past ten years, Dominion Energy has also grown its dividend from $1.75 to $3.67. … Below, I have outlined more attractive dividend aspects for Dominion Energy for income investors who may be interested in new dividend stocks for their portfolio. … It has paid dividend every year without dramatically reducing payout in the past

Simply Wall St -

Is Dominion Energy, Inc.'s (NYSE:D) Growth Strong Enough To Justify Its March Share Price?

(NYSE:D) closed yesterday at $75.73, which left some investors asking whether the high earnings potential can still be justified at this price. … What can we expect from Dominion Energy in the future. … Investors in Dominion Energy have been patiently waiting for the uptick in earnings.

Simply Wall St -

Does Dominion Energy, Inc. (NYSE:D) Create Value For Shareholders?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Why Dominion Energy, Inc.'s (NYSE:D) CEO Pay Matters To You

In 2006 Tom Farrell was appointed CEO of Dominion Energy, Inc. … First, this article will compare CEO compensation with compensation at other large companies. … How Does Tom Farrell's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Dominion Energy, Inc. (NYSE:D): Immense Growth Potential?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … Dominion Energy, Inc.'s (NYSE:D) latest earnings update in December 2018

Simply Wall St -

Why Dominion Energy, Inc. (NYSE:D) Could Have A Place In Your Portfolio

(NYSE:D) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … dividend-paying company

Simply Wall St -

How Much Are Dominion Energy, Inc. (NYSE:D) Insiders Spending On Buying Shares?

So we'll take a look at whether insiders have been buying or selling shares in Dominion Energy, Inc. … In the last twelve months, the biggest single sale by an insider was when Lead Director John Harris sold US$1.1m worth of shares at a price of US$80.60 per share. … John Harris was the only individual insider to sell shares in the last twelve months

Simply Wall St -

Should We Be Delighted With Dominion Energy, Inc.'s (NYSE:D) ROE Of 16%?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Dominion Energy, Inc. … Our data shows Dominion Energy has a return on equity of 16% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What To Know Before Buying Dominion Energy Inc (NYSE:D) For Its Dividend

There is a lot to be liked about Dominion Energy Inc (NYSE:D) as an income stock. … The company currently pays out a dividend yield of 4.5% to shareholders, making it a relatively attractive dividend stock. … Let's take a look at Dominion Energy in more detail.

Simply Wall St -

Company Info

Description

Dominion Energy, Inc. produces and transports energy. The company’s Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities. It also comprises generation operations of the company’s merchant fleet and energy marketing, and price risk management activities for its assets. The company’s Gas Infrastructure segment engages in the regulated natural gas distribution, gas transmission pipeline and storage, liquefied natural gas, and nonregulated retail natural gas marketing operations, as well as natural gas gathering and processing activities. This segment serves residential, commercial, and industrial customers. The company’s Southeast Energy segment generates, transmits, distributes, and markets electricity and natural gas through South Carolina Electric & Gas Company and Public Service Company of North Carolina. As of December 31, 2018, the company’s portfolio of assets included approximately 26,000 megawatts of generating capacity; 6,700 miles of electric transmission lines; 58,300 miles of electric distribution lines; 14,800 miles of natural gas transmission, gathering, and storage pipelines; and 52,300 miles of gas distribution pipelines. It served approximately 5 million utility and retail energy customers; and operated underground natural gas storage systems with approximately 1 trillion cubic feet of storage capacity. The company sells electricity at wholesale prices to rural electric cooperatives and municipalities, as well as into wholesale electricity markets. The company was formerly known as Dominion Resources, Inc. and changed its name to Dominion Energy, Inc. in May 2017. Dominion Energy, Inc. was founded in 1909 and is headquartered in Richmond, Virginia.

Details
Name: Dominion Energy, Inc.
D
Exchange: NYSE
Founded: 1909
$59,890,919,811
799,398,289
Website: http://www.dominionenergy.com
Address: Dominion Energy, Inc.
120 Tredegar Street,
Richmond,
Virginia, 23219,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE D Common Stock New York Stock Exchange US USD 20. May 1983
DB DOD Common Stock Deutsche Boerse AG DE EUR 20. May 1983
LSE 0IC9 Common Stock London Stock Exchange GB USD 20. May 1983
Number of employees
Current staff
Staff numbers
21,300
Dominion Energy employees.
Industry
Multi-Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 23:34
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.