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

Dominion Energy, Inc. (NYSE:D) was the recipient of a large growth in short interest in 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 days-to-cover ratio is presently 4.0 days.

Institutional Trading of Dominion Energy

Large investors have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC grew its position in 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 valued at $487,567,000 after buying an additional 3,278,175 shares during the period. Point72 Asset Management L.P. grew its position in shares of Dominion Energy by 10,324.8% during 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. International Assets Investment Management LLC increased its stake in shares of Dominion Energy by 7,438.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,483,538 shares of the utilities provider’s stock worth $85,734,000 after purchasing an additional 1,463,858 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Dominion Energy in the 2nd quarter worth $67,854,000. Finally, State Street Corp raised its holdings in Dominion Energy by 3.2% in the 3rd quarter. State Street Corp now owns 44,297,832 shares of the utilities provider’s stock worth $2,559,972,000 after purchasing an additional 1,365,555 shares during the period. Institutional investors own 73.04% of the company’s stock.

Dominion Energy Price Performance

NYSE D opened at $54.40 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The company has a market capitalization of $45.70 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.44 and a beta of 0.59. The stock has a 50-day moving average of $56.43 and a 200 day moving average of $55.34. Dominion Energy has a one year low of $43.53 and a one year high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share. On average, sell-side analysts forecast that Dominion Energy will post 2.75 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, November 29th. This represents a $2.67 annualized dividend and a dividend yield of 4.91%. Dominion Energy’s payout ratio is 93.68%.

Analyst Upgrades and Downgrades

D has been the subject of a number of analyst reports. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Jefferies Financial Group started coverage on Dominion Energy in a research report on Friday, September 20th. They set a “hold” rating and a $58.00 price objective for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Dominion Energy has an average rating of “Hold” and an average price target of $56.58.

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.