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

Dominion Energy, Inc. (NYSE:D) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 17,420,000 shares, a decline of 17.4% from the February 28th total of 21,080,000 shares. Based on an average trading volume of 4,720,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 2.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on D. Scotiabank upped their price objective on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Morgan Stanley boosted their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Argus upgraded shares of Dominion Energy to a “hold” rating in a report on Tuesday, March 25th. Finally, UBS Group upped their price target on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Thirteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Dominion Energy presently has an average rating of “Hold” and a consensus target price of $57.58.

Hedge Funds Weigh In On Dominion Energy

Hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in Dominion Energy in the fourth quarter valued at $473,354,000. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Dominion Energy by 63.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider’s stock valued at $487,567,000 after acquiring an additional 3,278,175 shares in the last quarter. American Century Companies Inc. increased its position in shares of Dominion Energy by 207.7% in the fourth quarter. American Century Companies Inc. now owns 3,763,898 shares of the utilities provider’s stock valued at $202,724,000 after acquiring an additional 2,540,713 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Dominion Energy by 10,324.8% during the third quarter. Point72 Asset Management L.P. now owns 2,250,811 shares of the utilities provider’s stock worth $130,074,000 after acquiring an additional 2,229,220 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Dominion Energy by 8,585.3% during the 4th quarter. Marshall Wace LLP now owns 2,210,322 shares of the utilities provider’s stock worth $119,048,000 after purchasing an additional 2,184,873 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Dominion Energy Trading Up 0.0 %

Shares of D stock traded up $0.01 during trading hours on Wednesday, reaching $56.27. The company had a trading volume of 3,261,621 shares, compared to its average volume of 4,219,780. 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 has a 1-year low of $46.62 and a 1-year high of $61.97. The company has a 50 day moving average of $55.19 and a 200 day moving average of $56.15. The firm has a market cap of $47.94 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.22 and a beta of 0.59.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, equities research analysts anticipate that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.74%. The ex-dividend date was Friday, February 28th. Dominion Energy’s payout ratio is 98.89%.

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.