Dominion Energy, Inc. (NYSE:D) Sees Large Decline in Short Interest

Dominion Energy, Inc. (NYSE:D) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 14,180,000 shares, a decrease of 21.2% from the December 31st total of 17,990,000 shares. Based on an average daily volume of 4,460,000 shares, the short-interest ratio is currently 3.2 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on D shares. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective on the stock. Scotiabank lifted their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Barclays upped their price target on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $56.58.

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors have recently modified their holdings of D. BLB&B Advisors LLC boosted its position in shares of Dominion Energy by 2.5% during the third quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock valued at $417,000 after buying an additional 173 shares during the last quarter. Simon Quick Advisors LLC boosted its holdings in Dominion Energy by 4.5% during the 4th quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 184 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in shares of Dominion Energy by 2.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 195 shares in the last quarter. Passumpsic Savings Bank raised its holdings in shares of Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 199 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Dominion Energy by 3.5% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 200 shares in the last quarter. 73.04% of the stock is owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.2 %

Shares of D stock traded up $0.68 during trading hours on Thursday, hitting $55.78. 3,170,628 shares of the company were exchanged, compared to its average volume of 4,462,066. The company has a 50 day simple moving average of $55.06 and a two-hundred day simple moving average of $56.03. The firm has a market cap of $46.86 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.15 and a beta of 0.60. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy has a fifty-two week low of $43.53 and a fifty-two week high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. Equities analysts anticipate that Dominion Energy will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date is Friday, February 28th. This represents a $2.67 annualized dividend and a dividend yield of 4.79%. Dominion Energy’s dividend payout ratio is 93.68%.

Dominion Energy Company Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.