Comparing Dominion Energy (NYSE:D) & Spruce Power (NYSE:SPRU)

Dominion Energy (NYSE:DGet Free Report) and Spruce Power (NYSE:SPRUGet Free Report) are both utilities companies, but which is the superior stock? We will compare the two businesses based on the strength of their analyst recommendations, valuation, profitability, institutional ownership, risk, dividends and earnings.

Volatility & Risk

Dominion Energy has a beta of 0.58, suggesting that its stock price is 42% less volatile than the S&P 500. Comparatively, Spruce Power has a beta of 1.33, suggesting that its stock price is 33% more volatile than the S&P 500.

Profitability

This table compares Dominion Energy and Spruce Power’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Dominion Energy 9.66% 10.94% 2.74%
Spruce Power -95.77% -6.68% -1.97%

Institutional and Insider Ownership

70.7% of Dominion Energy shares are held by institutional investors. Comparatively, 20.3% of Spruce Power shares are held by institutional investors. 0.1% of Dominion Energy shares are held by company insiders. Comparatively, 9.5% of Spruce Power shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Earnings and Valuation

This table compares Dominion Energy and Spruce Power’s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Dominion Energy $17.17 billion 2.27 $994.00 million $1.96 23.81
Spruce Power $23.19 million 3.17 -$93.93 million ($4.39) -0.92

Dominion Energy has higher revenue and earnings than Spruce Power. Spruce Power is trading at a lower price-to-earnings ratio than Dominion Energy, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings

This is a summary of current recommendations for Dominion Energy and Spruce Power, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Dominion Energy 0 9 3 0 2.25
Spruce Power 0 0 0 0 N/A

Dominion Energy currently has a consensus target price of $50.33, suggesting a potential upside of 7.85%. Given Dominion Energy’s higher probable upside, analysts clearly believe Dominion Energy is more favorable than Spruce Power.

Summary

Dominion Energy beats Spruce Power on 10 of the 13 factors compared between the two stocks.

About Dominion Energy

(Get Free Report)

Dominion Energy, Inc. produces and distributes energy in the United States. It operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Gas Distribution segment is involved in the regulated natural gas sales, transportation, gathering, storage, and distribution operations in Ohio, North Carolina, Utah, southwestern Wyoming, and southeastern Idaho that serve approximately 3.0 million residential, commercial and industrial customers. It also has nonregulated renewable natural gas facilities in operation. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 782,000 customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 435,000 residential, commercial, and industrial customers in South Carolina. The Contracted Assets segment is involved in the nonregulated long-term contracted renewable electric generation and solar generation facility development operations; and gas transportation, LNG import, and storage operations, as well as in the liquefaction facility. As of December 31, 2022, the company's portfolio of assets included approximately 31.0 gigawatt of electric generating capacity; 10,600 miles of electric transmission lines; 78,500 miles of electric distribution lines; and 93,500 miles of gas distribution mains and related service facilities. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.

About Spruce Power

(Get Free Report)

Spruce Power Holding Corporation owns and operates distributed solar energy assets in the United States. The company provides subscription-based services for homeowners and small businesses to own and maintain rooftop solar and battery storage. It offers its subscription-based services to approximately 72,000 customers. The company is headquartered in Denver, Colorado.

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