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

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

Institutional Investors Weigh In On Dominion Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in D. Schonfeld Strategic Advisors LLC bought a new position in shares of Dominion Energy in the 3rd quarter valued at approximately $2,554,000. Quadrature Capital Ltd bought a new position in Dominion Energy in the 3rd quarter valued at $990,000. Truist Financial Corp raised its position in shares of Dominion Energy by 15.8% during the third quarter. Truist Financial Corp now owns 766,792 shares of the utilities provider’s stock worth $34,253,000 after acquiring an additional 104,903 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of Dominion Energy by 113.7% during the third quarter. Axxcess Wealth Management LLC now owns 24,521 shares of the utilities provider’s stock worth $1,095,000 after acquiring an additional 13,048 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in shares of Dominion Energy by 9.7% during the third quarter. Alps Advisors Inc. now owns 478,773 shares of the utilities provider’s stock worth $21,387,000 after acquiring an additional 42,204 shares during the last quarter. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Trading Up 1.1 %

Shares of NYSE:D traded up $0.53 during midday trading on Tuesday, reaching $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 debt-to-equity ratio of 1.37, a quick ratio of 0.94 and a current ratio of 1.05. Dominion Energy has a 1-year low of $39.18 and a 1-year high of $54.74. The firm has a market cap of $40.66 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.31 and a beta of 0.59. The company has a fifty day simple moving average of $51.58 and a two-hundred day simple moving average of $48.73.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Dominion Energy had a return on equity of 7.50% and a net margin of 11.57%. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period last year, the company posted $0.99 EPS. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts predict that Dominion Energy will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Friday, May 31st were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend was Friday, May 31st. Dominion Energy’s dividend payout ratio (DPR) is presently 137.63%.

Analysts Set New Price Targets

D has been the subject of a number of analyst reports. StockNews.com upgraded Dominion Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Mizuho raised their price objective on Dominion Energy from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Barclays dropped their target price on Dominion Energy from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. BMO Capital Markets raised their price target on Dominion Energy from $51.00 to $52.00 and gave the company a “market perform” rating in a report on Monday, May 6th. Finally, Scotiabank lowered their price target on Dominion Energy from $49.00 to $48.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dominion Energy currently has a consensus rating of “Hold” and a consensus price target of $51.73.

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.