Dominion Energy Inc. (NYSE:D) Short Interest Down 22.7% in December

Dominion Energy Inc. (NYSE:D) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 32,228,912 shares, a decline of 22.7% from the December 15th total of 41,702,591 shares. Based on an average daily trading volume, of 7,868,217 shares, the short-interest ratio is presently 4.1 days. Currently, 3.8% of the shares of the company are sold short. Currently, 3.8% of the shares of the company are sold short. Based on an average daily trading volume, of 7,868,217 shares, the short-interest ratio is presently 4.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new stake in shares of Dominion Energy during the 2nd quarter valued at about $25,000. Triumph Capital Management bought a new position in Dominion Energy during the third quarter valued at approximately $28,000. Westside Investment Management Inc. lifted its stake in Dominion Energy by 123.3% in the second quarter. Westside Investment Management Inc. now owns 469 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 259 shares during the last quarter. United Community Bank bought a new stake in Dominion Energy in the third quarter worth approximately $29,000. Finally, JPL Wealth Management LLC acquired a new position in shares of Dominion Energy during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 73.04% of the company’s stock.

Dominion Energy Trading Down 0.1%

Shares of Dominion Energy stock traded down $0.05 on Tuesday, reaching $61.08. 6,389,657 shares of the company were exchanged, compared to its average volume of 6,609,168. Dominion Energy has a fifty-two week low of $48.07 and a fifty-two week high of $62.87. The firm has a market capitalization of $52.16 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.66 and a beta of 0.72. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41. The stock has a fifty day moving average price of $59.75 and a 200-day moving average price of $59.83.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, analysts expect that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, December 20th. Stockholders of record on Friday, December 5th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.4%. Dominion Energy’s dividend payout ratio is 90.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on D. Barclays increased their price target on shares of Dominion Energy from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. BTIG Research assumed coverage on shares of Dominion Energy in a report on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Evercore ISI assumed coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target for the company. JPMorgan Chase & Co. dropped their target price on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating for the company in a research report on Thursday, December 11th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy has an average rating of “Hold” and an average target price of $64.44.

About Dominion Energy

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.