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

Dominion Energy, Inc. (NYSE:D) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 17,990,000 shares, a growth of 5.5% from the November 30th total of 17,060,000 shares. Based on an average daily trading volume, of 4,490,000 shares, the short-interest ratio is presently 4.0 days.

Hedge Funds Weigh In On Dominion Energy

A number of hedge funds have recently made changes to their positions in the business. Sanctuary Wealth Management L.L.C. bought a new position in shares of Dominion Energy during the 3rd quarter valued at approximately $28,000. Frazier Financial Advisors LLC bought a new position in Dominion Energy during the third quarter valued at $32,000. Dunhill Financial LLC grew its stake in shares of 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 in the last quarter. Larson Financial Group LLC increased its holdings 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. Finally, Kimelman & Baird LLC purchased a new stake in Dominion Energy during the second quarter valued at approximately $36,000. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Jefferies Financial Group began coverage on Dominion Energy in a research report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price for the company. Barclays boosted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley assumed coverage on shares of Dominion Energy in a report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 target price on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a research report on Friday, November 8th. Finally, Scotiabank lifted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Trading Down 0.0 %

Shares of NYSE:D opened at $53.86 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy has a 1 year low of $43.53 and a 1 year high of $61.97. The company has a market cap of $45.24 billion, a P/E ratio of 18.90, a PEG ratio of 1.44 and a beta of 0.59. The stock’s fifty day moving average price is $56.56 and its 200-day moving average price is $55.35.

Dominion Energy (NYSE:D) last issued its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion for 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%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.77 earnings per share. Sell-side analysts expect that Dominion Energy will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.96%. Dominion Energy’s payout ratio is currently 93.68%.

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.