Dominion Energy, Inc. (NYSE:D – Get Rating) was the target of significant short-term interest growth during the month of September. As of September 30, there was short interest totaling 9,050,000 shares, a growth of 19.4% from the total of 7,580,000 shares as of September 15. Based on an average daily trading volume of 3,410,000 shares, the day-to-cover ratio is currently 2.7 days.
Dominion Energy Price Performance
NYSE D fell $0.73 on Friday, hitting $64.31. 4,577,834 shares of the company were traded, against an average volume of 5,036,859. The company has a 50-day moving average of $78.35 and a two-hundred-day moving average of $80.62. The company has a market capitalization of $53.54 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.49 and a beta of 0.48. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt ratio of 1.44. Dominion Energy has a 1-year low of $61.70 and a 1-year high of $88.78.
Dominion Energy (NYSE:D – Get Rating) last released its quarterly results on Monday, August 8. The utility provider reported earnings per share (EPS) of $0.77 for the quarter, hitting the consensus estimate of $0.77. The company posted revenue of $3.60 billion for the quarter, versus a consensus estimate of $3.51 billion. Dominion Energy had a net margin of 15.09% and a return on equity of 12.95%. The company’s quarterly revenue increased 18.4% year over year. In the same quarter of the previous year, the company achieved EPS of $0.76. On average, stock analysts predict that Dominion Energy will post EPS of 4.11 for the current year.
Dominion Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 20. Shareholders of record on Friday, September 2 received a dividend of $0.6675 per share. The ex-dividend date was Thursday, September 1. This represents a dividend of $2.67 on an annualized basis and a yield of 4.15%. Dominion Energy’s payout ratio is currently 100.00%.
Institutional entries and exits
A number of large investors have recently increased or reduced their holdings in D. Ellis Investment Partners LLC purchased a new equity stake in Dominion Energy in Q1 worth approximately $25,000. DeDora Capital Inc. purchased a new stake in Dominion Energy stock in Q1 worth approximately $27,000. Blume Capital Management Inc. purchased a new stake in Dominion Energy stock in Q1 worth approximately $27,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in Dominion Energy stock in Q4 valued at approximately $30,000. Finally, Curi Wealth Management LLC increased its stake in Dominion Energy shares by 1,755.0% in the 2nd quarter. Curi Wealth Management LLC now owns 371 shares of the utility provider valued at $30,000 after acquiring 351 additional shares in the last quarter. 69.75% of the shares are currently held by institutional investors and hedge funds.
Changes to analyst ratings
A number of brokerages have recently released reports on D. Credit Suisse Group began covering Dominion Energy shares in a research report on Monday, October 3. They set an “outperform” rating and a target price of $82.00 on the stock. Seaport Res Ptn reaffirmed a “neutral” rating on Dominion Energy shares in a Thursday, October 6 research report. Mizuho lowered its price target on Dominion Energy shares from $81.00 to $71.00 and set a “neutral” rating on the stock in a Thursday, Oct. 6 research report. Morgan Stanley lowered its price target on Dominion Energy shares from $92.00 to $90.00 and set an “equal weight” rating on the stock in a Thursday, September 22 research report. Finally, BMO Capital Markets raised its price target on Dominion Energy shares from $87.00 to $91.00 and gave the stock an “outperform” rating in a Tuesday, Aug. 9 research report. One financial analyst has assigned the stock a sell rating, five have assigned a hold rating and five have assigned the stock a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $84.11.
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 Contract Assets. The Dominion Energy Virginia segment generates, transmits and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial and government customers in Virginia and North Carolina.
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