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

Dominion Energy, Inc. (NYSE:D) was the target of a large growth in short interest during the month of 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 days-to-cover ratio is currently 4.3 days.

Dominion Energy Stock Up 0.1 %

NYSE D traded up $0.08 on Monday, hitting $57.71. 4,291,089 shares of the stock were exchanged, compared to its average volume of 4,437,903. Dominion Energy has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The company has a 50-day moving average price of $58.03 and a 200-day moving average price of $54.62. The company has a market cap of $48.48 billion, a PE ratio of 20.22, a PEG ratio of 1.53 and a beta of 0.59. 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 data on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Sell-side analysts anticipate that Dominion Energy will post 2.76 EPS for the current fiscal year.

Dominion Energy Dividend Announcement

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

Hedge Funds Weigh In On Dominion Energy

Several large investors have recently bought and sold shares of D. Vanguard Group Inc. boosted its stake in Dominion Energy by 16.0% during the 1st quarter. Vanguard Group Inc. now owns 88,355,205 shares of the utilities provider’s stock worth $4,346,193,000 after purchasing an additional 12,178,713 shares during the period. Capital Research Global Investors raised its holdings in shares of Dominion Energy by 20.1% in the first quarter. Capital Research Global Investors now owns 21,584,470 shares of the utilities provider’s stock valued at $1,061,740,000 after buying an additional 3,613,614 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted 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 buying an additional 3,278,175 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Dominion Energy by 12.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,494,873 shares of the utilities provider’s stock worth $1,204,904,000 after buying an additional 2,801,687 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in Dominion Energy by 10,324.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock valued at $130,074,000 after acquiring an additional 2,229,220 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on D shares. Scotiabank lifted their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective on the stock. BMO Capital Markets lifted their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Barclays lifted their price objective on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus price target of $55.91.

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.