Dominion Energy Inc. (NYSE:D) saw a significant decrease in short interest during the month of July. As of July 14th, there was short interest totalling 14,206,228 shares, a decrease of 29.1% from the June 30th total of 20,045,461 shares. Based on an average daily volume of 2,257,650 shares, the short-interest ratio is presently 6.3 days. Approximately 2.3% of the shares of the stock are short sold.
Several institutional investors have recently added to or reduced their stakes in D. BlackRock Inc. increased its position in Dominion Energy by 3,615.9% in the first quarter. BlackRock Inc. now owns 45,518,516 shares of the utilities provider’s stock valued at $3,530,873,000 after buying an additional 44,293,566 shares in the last quarter. Vanguard Group Inc. increased its position in Dominion Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock valued at $3,432,756,000 after buying an additional 1,194,152 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Dominion Energy by 2.7% in the first quarter. Wellington Management Group LLP now owns 30,572,031 shares of the utilities provider’s stock valued at $2,371,472,000 after buying an additional 790,484 shares during the period. Federated Investors Inc. PA increased its position in shares of Dominion Energy by 5.4% in the second quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock valued at $687,216,000 after buying an additional 461,484 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Dominion Energy by 24.7% in the second quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock valued at $468,223,000 after buying an additional 1,209,768 shares during the period. 64.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dominion Energy (D) opened at 77.90 on Wednesday. The stock has a market cap of $50.06 billion, a price-to-earnings ratio of 22.55 and a beta of 0.28. Dominion Energy has a 1-year low of $69.51 and a 1-year high of $81.65. The stock’s 50 day moving average price is $77.03 and its 200-day moving average price is $77.28.
Dominion Energy (NYSE:D) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.94 billion. Dominion Energy had a return on equity of 14.04% and a net margin of 17.48%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. On average, equities research analysts forecast that Dominion Energy will post $3.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 1st will be given a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Wednesday, August 30th. Dominion Energy’s dividend payout ratio is currently 87.28%.
A number of research analysts have commented on the stock. Royal Bank Of Canada set a $77.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a research report on Saturday, June 3rd. Morgan Stanley reduced their price target on shares of Dominion Energy from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, May 8th. Deutsche Bank AG increased their price target on shares of Dominion Energy from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Dominion Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, BidaskClub cut shares of Dominion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $80.57.
About Dominion Energy
Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.
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