In This Article:
Key Insights
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Dominion Energy's Annual General Meeting to take place on 7th of May
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Total pay for CEO Bob Blue includes US$1.23m salary
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The overall pay is 35% below the industry average
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Dominion Energy's EPS grew by 13% over the past three years while total shareholder loss over the past three years was 27%
The performance at Dominion Energy, Inc. (NYSE:D) has been rather lacklustre of late and shareholders may be wondering what CEO Bob Blue is planning to do about this. One way they can exercise their influence on management is through voting on resolutions, such as executive remuneration at the next AGM, coming up on 7th of May. It has been shown that setting appropriate executive remuneration incentivises the management to act in the interests of shareholders. We think CEO compensation looks appropriate given the data we have put together.
See our latest analysis for Dominion Energy
How Does Total Compensation For Bob Blue Compare With Other Companies In The Industry?
At the time of writing, our data shows that Dominion Energy, Inc. has a market capitalization of US$43b, and reported total annual CEO compensation of US$6.3m for the year to December 2023. That's slightly lower by 7.6% over the previous year. While we always look at total compensation first, our analysis shows that the salary component is less, at US$1.2m.
On comparing similar companies in the American Integrated Utilities industry with market capitalizations above US$8.0b, we found that the median total CEO compensation was US$9.6m. This suggests that Bob Blue is paid below the industry median. Furthermore, Bob Blue directly owns US$9.2m worth of shares in the company, implying that they are deeply invested in the company's success.
Component | 2023 | 2022 | Proportion (2023) |
Salary | US$1.2m | US$1.2m | 20% |
Other | US$5.1m | US$5.6m | 80% |
Total Compensation | US$6.3m | US$6.8m | 100% |
Speaking on an industry level, nearly 13% of total compensation represents salary, while the remainder of 87% is other remuneration. According to our research, Dominion Energy has allocated a higher percentage of pay to salary in comparison to the wider industry. If total compensation is slanted towards non-salary benefits, it indicates that CEO pay is linked to company performance.
Dominion Energy, Inc.'s Growth
Dominion Energy, Inc.'s earnings per share (EPS) grew 13% per year over the last three years. Its revenue is up 3.3% over the last year.
Shareholders would be glad to know that the company has improved itself over the last few years. It's also good to see modest revenue growth, suggesting the underlying business is healthy. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..