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

Dominion Energy, Inc. (NYSE:D) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 16,590,000 shares, a growth of 8.6% from the October 15th total of 15,270,000 shares. Based on an average trading volume of 3,880,000 shares, the short-interest ratio is presently 4.3 days.

Dominion Energy Stock Performance

Shares of NYSE D traded up $1.44 during mid-day trading on Friday, reaching $57.63. 5,808,408 shares of the company were exchanged, compared to its average volume of 4,670,383. The company’s 50-day simple moving average is $58.03 and its 200-day simple moving average is $54.62. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $48.41 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.53 and a beta of 0.59. Dominion Energy has a twelve month low of $43.53 and a twelve month high of $61.97.

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

Dominion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio is presently 93.68%.

Analyst Ratings Changes

A number of research analysts recently weighed in on D shares. BMO Capital Markets raised their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays raised their target price 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, Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price target for the company. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Dominion Energy has an average rating of “Hold” and a consensus target price of $55.91.

Hedge Funds Weigh In On Dominion Energy

Hedge funds have recently bought and sold shares of the business. Family Firm Inc. bought a new position in Dominion Energy during the second quarter worth about $27,000. Sanctuary Wealth Management L.L.C. bought a new position in Dominion Energy in the 3rd quarter valued at about $28,000. LRI Investments LLC bought a new position in Dominion Energy in the 1st quarter valued at about $30,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy in the 3rd quarter valued at about $32,000. Finally, Triad Wealth Partners LLC bought a new position in Dominion Energy in the 2nd quarter valued at about $33,000. 73.04% of the stock is owned by institutional investors.

About Dominion Energy

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.