Dominion Energy, Inc. (NYSE:D) Short Interest Down 6.6% in June

Dominion Energy, Inc. (NYSE:D) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 17,380,000 shares, a drop of 6.6% from the May 31st total of 18,610,000 shares. Based on an average daily trading volume, of 4,210,000 shares, the short-interest ratio is presently 4.1 days.

Hedge Funds Weigh In On Dominion Energy

Hedge funds have recently added to or reduced their stakes in the company. Arlington Capital Management Inc. grew its stake in Dominion Energy by 1.2% in the 1st quarter. Arlington Capital Management Inc. now owns 16,476 shares of the utilities provider’s stock worth $810,000 after acquiring an additional 197 shares in the last quarter. Ridgewood Investments LLC lifted its position in Dominion Energy by 0.9% during the first quarter. Ridgewood Investments LLC now owns 24,536 shares of the utilities provider’s stock valued at $1,207,000 after acquiring an additional 210 shares during the last quarter. Lantz Financial LLC lifted its position in Dominion Energy by 4.0% during the first quarter. Lantz Financial LLC now owns 5,823 shares of the utilities provider’s stock valued at $286,000 after acquiring an additional 222 shares during the last quarter. Seneca House Advisors raised its holdings in shares of Dominion Energy by 2.0% in the first quarter. Seneca House Advisors now owns 11,355 shares of the utilities provider’s stock worth $559,000 after buying an additional 228 shares during the last quarter. Finally, Choreo LLC raised its holdings in shares of Dominion Energy by 4.7% in the first quarter. Choreo LLC now owns 5,157 shares of the utilities provider’s stock worth $254,000 after buying an additional 230 shares during the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

D has been the subject of several research analyst reports. StockNews.com upgraded shares of Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Mizuho lifted their target price on shares of Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Evercore ISI boosted their price objective on shares of Dominion Energy from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Guggenheim cut their price objective on shares of Dominion Energy from $57.00 to $52.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Finally, Scotiabank lowered their target price on shares of Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus target price of $51.73.

Dominion Energy Price Performance

D stock traded up $0.53 during mid-day trading on Tuesday, hitting $48.54. The company had a trading volume of 3,012,105 shares, compared to its average volume of 4,889,034. The company has a market capitalization of $40.66 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.31 and a beta of 0.59. Dominion Energy has a 12-month low of $39.18 and a 12-month high of $54.74. The company has a quick ratio of 0.94, a current ratio of 1.05 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average price of $51.58 and a 200 day moving average price of $48.73.

Dominion Energy (NYSE:D) last announced its earnings results on Thursday, May 2nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Dominion Energy had a net margin of 11.57% and a return on equity of 7.50%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. On average, research analysts anticipate that Dominion Energy will post 2.75 earnings per share for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 5.50%. The ex-dividend date was Friday, May 31st. Dominion Energy’s dividend payout ratio is 137.63%.

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.