Dominion Energy Inc. (NYSE:D) Short Interest Update

Dominion Energy Inc. (NYSE:D) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 27,932,651 shares, a decline of 13.3% from the December 31st total of 32,228,912 shares. Based on an average daily volume of 6,621,037 shares, the days-to-cover ratio is presently 4.2 days. Approximately 3.3% of the company’s stock are sold short. Approximately 3.3% of the company’s stock are sold short. Based on an average daily volume of 6,621,037 shares, the days-to-cover ratio is presently 4.2 days.

Institutional Trading of Dominion Energy

Several institutional investors have recently made changes to their positions in the business. Barnes Wealth Management Group Inc boosted its stake in Dominion Energy by 4.4% in the 2nd quarter. Barnes Wealth Management Group Inc now owns 3,970 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 169 shares during the period. Sovereign Financial Group Inc. boosted its position in shares of Dominion Energy by 1.2% during the third quarter. Sovereign Financial Group Inc. now owns 14,138 shares of the utilities provider’s stock worth $865,000 after acquiring an additional 169 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Dominion Energy by 0.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 39,145 shares of the utilities provider’s stock valued at $2,394,000 after acquiring an additional 169 shares in the last quarter. SPC Financial Inc. increased its holdings in Dominion Energy by 1.4% in the 2nd quarter. SPC Financial Inc. now owns 12,179 shares of the utilities provider’s stock valued at $688,000 after acquiring an additional 172 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in Dominion Energy by 3.4% in the 4th quarter. Mather Group LLC. now owns 5,400 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research report on Tuesday, October 28th. Evercore ISI initiated coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 target price for the company. Morgan Stanley lifted their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. BMO Capital Markets cut their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Finally, Wells Fargo & Company decreased their price objective on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $64.33.

Dominion Energy Stock Performance

Shares of NYSE:D traded up $1.57 during mid-day trading on Tuesday, reaching $61.60. 526,166 shares of the company traded hands, compared to its average volume of 5,764,756. The company’s 50 day moving average price is $59.62 and its 200-day moving average price is $60.06. The firm has a market cap of $52.61 billion, a PE ratio of 20.93, a PEG ratio of 1.63 and a beta of 0.71. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.84 and a quick ratio of 0.65. Dominion Energy has a 52 week low of $48.07 and a 52 week high of $62.87.

Dominion Energy (NYSE:D) last released its earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS. On average, equities analysts expect that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 dividend on an annualized basis and a yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is currently 90.82%.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.