Dominion Energy, Inc. (NYSE:D – Get Rating) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 5,750,000 shares, a decline of 41.8% from the May 31st total of 9,880,000 shares. Based on an average daily trading volume, of 3,460,000 shares, the short-interest ratio is presently 1.7 days. Approximately 0.7% of the shares of the stock are short sold.
Dominion Energy stock opened at $79.81 on Friday. Dominion Energy has a twelve month low of $70.37 and a twelve month high of $88.78. The stock’s fifty day simple moving average is $81.20 and its 200-day simple moving average is $81.06. The company has a current ratio of 0.79, a quick ratio of 0.65 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $64.75 billion, a P/E ratio of 22.29, a P/E/G ratio of 3.02 and a beta of 0.41.
Dominion Energy (NYSE:D – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.01). Dominion Energy had a return on equity of 12.99% and a net margin of 20.81%. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.31 billion. During the same period in the prior year, the company posted $1.09 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Sell-side analysts predict that Dominion Energy will post 4.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 20th. Investors of record on Friday, June 3rd were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Thursday, June 2nd. Dominion Energy’s dividend payout ratio (DPR) is presently 74.58%.
Several brokerages have recently weighed in on D. Morgan Stanley lowered their target price on Dominion Energy from $91.00 to $87.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. UBS Group lowered their target price on Dominion Energy from $99.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday. KeyCorp boosted their target price on Dominion Energy from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, April 20th. Finally, StockNews.com initiated coverage on Dominion Energy in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $84.57.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Dominion Energy by 1.6% in the first quarter. Vanguard Group Inc. now owns 70,870,214 shares of the utilities provider’s stock valued at $6,021,842,000 after acquiring an additional 1,094,535 shares in the last quarter. BlackRock Inc. boosted its stake in Dominion Energy by 6.3% in the fourth quarter. BlackRock Inc. now owns 55,640,019 shares of the utilities provider’s stock valued at $4,371,081,000 after acquiring an additional 3,308,258 shares in the last quarter. State Street Corp boosted its stake in Dominion Energy by 8.3% in the first quarter. State Street Corp now owns 46,230,763 shares of the utilities provider’s stock valued at $3,928,228,000 after acquiring an additional 3,546,948 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Dominion Energy by 5.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 21,175,100 shares of the utilities provider’s stock valued at $1,663,516,000 after acquiring an additional 1,005,105 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in Dominion Energy by 8.7% in the first quarter. Capital Research Global Investors now owns 19,624,587 shares of the utilities provider’s stock valued at $1,667,501,000 after acquiring an additional 1,563,929 shares in the last quarter. 68.39% of the stock is currently owned by hedge funds and other institutional investors.
Dominion Energy Company Profile (Get Rating)
Dominion Energy, Inc produces and distributes energy. 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 residential, commercial, industrial, and governmental customers in Virginia and North Carolina.