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

Dominion Energy, Inc. (NYSE:D) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 14,180,000 shares, a drop 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 presently 3.2 days.

Dominion Energy Price Performance

D traded up $0.68 on Thursday, reaching $55.78. The company had a trading volume of 3,170,628 shares, compared to its average volume of 4,462,066. 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 52-week low of $43.53 and a 52-week high of $61.97. The company has a market cap of $46.86 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 1.15 and a beta of 0.60. The business has a 50 day simple moving average of $55.06 and a 200 day simple moving average of $56.03.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the previous year, the firm posted $0.77 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dominion Energy will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on D shares. Morgan Stanley began coverage on Dominion Energy in a research note on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. 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 note on Tuesday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank increased their target price on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $56.58.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in D. Sanctuary Wealth Management L.L.C. purchased a new position in Dominion Energy in the 3rd quarter worth approximately $28,000. Roble Belko & Company Inc purchased a new position in Dominion Energy during the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the 3rd quarter valued at approximately $32,000. Dunhill Financial LLC lifted its holdings in Dominion Energy by 601.2% in the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider’s stock worth $33,000 after buying an additional 487 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Dominion Energy by 282.4% in the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

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.