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

Dominion Energy, Inc. (NYSE:D) was the target of a large growth in short interest in 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 daily volume of 3,880,000 shares, the days-to-cover ratio is currently 4.3 days.

Dominion Energy Price Performance

Shares of D stock traded up $1.44 during trading hours on Friday, reaching $57.63. 5,808,408 shares of the company were exchanged, compared to its average volume of 4,670,383. Dominion Energy has a fifty-two week low of $43.53 and a fifty-two week high of $61.97. The stock’s fifty day moving average is $58.03 and its two-hundred day moving average is $54.62. The company has a market cap of $48.41 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 1.53 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.05. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the business posted $0.77 earnings per share. Dominion Energy’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts forecast that Dominion Energy will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.63%. The ex-dividend date is Friday, November 29th. Dominion Energy’s payout ratio is presently 93.68%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Dominion Energy

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Dominion Energy by 2.1% in the third quarter. Geode Capital Management LLC now owns 17,875,221 shares of the utilities provider’s stock valued at $1,032,941,000 after purchasing an additional 367,193 shares in the last quarter. M&T Bank Corp increased its stake in Dominion Energy by 1.5% in the third quarter. M&T Bank Corp now owns 152,056 shares of the utilities provider’s stock valued at $8,787,000 after purchasing an additional 2,268 shares in the last quarter. Abel Hall LLC bought a new stake in Dominion Energy in the third quarter valued at approximately $213,000. Nabity Jensen Investment Management Inc bought a new stake in shares of Dominion Energy during the third quarter worth $308,000. Finally, Barclays PLC increased its position in shares of Dominion Energy by 19.8% during 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. Institutional investors own 73.04% of the company’s stock.

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.