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

Dominion Energy, Inc. (NYSE:D) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 17,420,000 shares, a decline of 17.4% from the February 28th total of 21,080,000 shares. Based on an average daily volume of 4,720,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 2.1% of the company’s stock are sold short.

Dominion Energy Stock Performance

D traded up $0.01 during trading on Tuesday, hitting $56.08. 1,396,955 shares of the stock were exchanged, compared to its average volume of 4,209,430. The firm has a market capitalization of $47.78 billion, a P/E ratio of 20.77, a PEG ratio of 1.22 and a beta of 0.59. Dominion Energy has a 1-year low of $46.62 and a 1-year high of $61.97. The stock has a fifty day moving average price of $55.19 and a two-hundred day moving average price of $56.17. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. As a group, sell-side analysts predict that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Friday, February 28th. Dominion Energy’s dividend payout ratio is presently 98.89%.

Institutional Trading of Dominion Energy

Hedge funds have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock worth $487,567,000 after acquiring an additional 3,278,175 shares during the period. Barclays PLC raised its position in Dominion Energy by 19.8% in the third quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider’s stock worth $141,739,000 after acquiring an additional 404,868 shares in the last quarter. Czech National Bank lifted its holdings in Dominion Energy by 6.6% in the fourth quarter. Czech National Bank now owns 182,131 shares of the utilities provider’s stock valued at $9,810,000 after acquiring an additional 11,231 shares during the period. HB Wealth Management LLC boosted its position in shares of Dominion Energy by 15.6% during the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider’s stock worth $1,939,000 after purchasing an additional 4,861 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Dominion Energy by 12.2% during the 4th quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider’s stock worth $3,782,000 after purchasing an additional 7,632 shares during the period. 73.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on D shares. UBS Group upped their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Scotiabank lifted their price objective 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. Morgan Stanley increased their target price on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, Argus raised Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Thirteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $57.58.

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.