Short Interest in Dominion Energy, Inc. (NYSE:D) Declines By 14.7%

Dominion Energy, Inc. (NYSE:DGet Rating) was the target of a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 6,390,000 shares, a drop of 14.7% from the December 15th total of 7,490,000 shares. Based on an average trading volume of 5,880,000 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wolfe Research lowered Dominion Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 7th. Maxim Group assumed coverage on Dominion Energy in a research report on Friday, November 4th. They issued a “hold” rating on the stock. The Goldman Sachs Group upgraded Dominion Energy from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $72.00 to $69.00 in a research report on Sunday, November 13th. Wells Fargo & Company lowered Dominion Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $73.00 to $64.00 in a research report on Wednesday, December 7th. Finally, BMO Capital Markets lifted their price objective on Dominion Energy from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, November 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $72.25.

Institutional Trading of Dominion Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Congress Asset Management Co. MA grew its stake in Dominion Energy by 3.6% in the second quarter. Congress Asset Management Co. MA now owns 3,570 shares of the utilities provider’s stock worth $285,000 after purchasing an additional 125 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Dominion Energy by 1.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,630 shares of the utilities provider’s stock worth $903,000 after purchasing an additional 128 shares in the last quarter. Golden State Equity Partners grew its stake in Dominion Energy by 1.7% in the first quarter. Golden State Equity Partners now owns 7,635 shares of the utilities provider’s stock worth $649,000 after purchasing an additional 129 shares in the last quarter. Covestor Ltd grew its stake in Dominion Energy by 49.8% in the first quarter. Covestor Ltd now owns 394 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 131 shares in the last quarter. Finally, Almanack Investment Partners LLC. grew its stake in Dominion Energy by 4.8% in the second quarter. Almanack Investment Partners LLC. now owns 2,838 shares of the utilities provider’s stock worth $227,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 70.30% of the company’s stock.

Dominion Energy Stock Up 0.7 %

Shares of NYSE:D opened at $62.42 on Friday. The stock has a fifty day simple moving average of $60.60 and a two-hundred day simple moving average of $70.69. The stock has a market capitalization of $52.01 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 2.58 and a beta of 0.40. Dominion Energy has a 12-month low of $57.18 and a 12-month high of $88.78. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:DGet Rating) last announced its quarterly earnings data on Friday, November 4th. The utilities provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.03. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Dominion Energy had a return on equity of 12.84% and a net margin of 14.73%. The firm’s quarterly revenue was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 earnings per share. On average, research analysts anticipate that Dominion Energy will post 4.11 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Thursday, December 1st. Dominion Energy’s payout ratio is 95.70%.

Dominion Energy Company Profile

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Dominion Energy, Inc produces and distributes energy in the United States. The company 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.

Further Reading

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