Dominion Energy, Inc. (NYSE:D) Sees Significant Decline in Short Interest

Dominion Energy, Inc. (NYSE:D) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 14,180,000 shares, a decline of 21.2% from the December 15th total of 17,990,000 shares. Based on an average daily trading volume, of 4,460,000 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Investors Weigh In On Dominion Energy

Large investors have recently made changes to their positions in the business. BLB&B Advisors LLC increased its holdings in Dominion Energy by 2.5% in the 3rd quarter. BLB&B Advisors LLC now owns 7,223 shares of the utilities provider’s stock valued at $417,000 after purchasing an additional 173 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in shares of Dominion Energy by 2.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after buying an additional 195 shares in the last quarter. Passumpsic Savings Bank grew its stake in shares of Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock valued at $441,000 after buying an additional 199 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Dominion Energy by 3.5% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,920 shares of the utilities provider’s stock valued at $342,000 after buying an additional 200 shares during the period. Finally, Busey Bank lifted its position in Dominion Energy by 3.4% during the 3rd quarter. Busey Bank now owns 6,134 shares of the utilities provider’s stock worth $354,000 after acquiring an additional 203 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays lifted their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley started coverage on Dominion Energy in a research report on Monday, December 2nd. They issued an “equal weight” rating and a $61.00 price objective on the stock. Jefferies Financial Group initiated 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 restated a “neutral” rating and issued a $61.00 target price on shares of Dominion Energy in a report on Friday, November 8th. Finally, Scotiabank raised their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note 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. Based on data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and an average price target of $56.58.

Dominion Energy Trading Up 1.8 %

Shares of NYSE D traded up $0.98 during trading on Thursday, hitting $54.63. 2,337,186 shares of the company traded hands, compared to its average volume of 3,866,852. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $45.89 billion, a P/E ratio of 19.18, a P/E/G ratio of 1.16 and a beta of 0.60. The company has a 50-day moving average price of $55.64 and a 200-day moving average price of $55.68. Dominion Energy has a 1 year low of $43.53 and a 1 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 the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, equities analysts predict that Dominion Energy will post 2.76 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.89%. Dominion Energy’s dividend payout ratio is currently 93.68%.

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.