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

Dominion Energy Inc. (NYSE:D) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 27,932,651 shares, a decline of 13.3% from the December 31st total of 32,228,912 shares. Based on an average daily volume of 6,621,037 shares, the days-to-cover ratio is currently 4.2 days. Currently, 3.3% of the company’s stock are short sold. Currently, 3.3% of the company’s stock are short sold. Based on an average daily volume of 6,621,037 shares, the days-to-cover ratio is currently 4.2 days.

Institutional Investors Weigh In On Dominion Energy

Several hedge funds have recently bought and sold shares of D. Vanguard Group Inc. increased its position in shares of Dominion Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 107,099,758 shares of the utilities provider’s stock valued at $6,274,975,000 after buying an additional 940,838 shares in the last quarter. Capital Research Global Investors lifted its holdings in Dominion Energy by 22.4% during the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock worth $3,355,175,000 after acquiring an additional 10,049,691 shares in the last quarter. State Street Corp grew its stake in Dominion Energy by 1.3% in the third quarter. State Street Corp now owns 46,934,223 shares of the utilities provider’s stock valued at $2,870,966,000 after acquiring an additional 592,815 shares during the period. Wellington Management Group LLP increased its holdings in shares of Dominion Energy by 4.4% in the third quarter. Wellington Management Group LLP now owns 30,746,146 shares of the utilities provider’s stock worth $1,880,742,000 after acquiring an additional 1,298,881 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Dominion Energy by 3.0% during the second quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock worth $1,112,697,000 after purchasing an additional 575,350 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Up 1.9%

NYSE:D traded up $1.18 during mid-day trading on Wednesday, hitting $62.61. The company had a trading volume of 2,041,016 shares, compared to its average volume of 5,917,468. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84. 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 cap of $53.47 billion, a P/E ratio of 21.32, a P/E/G ratio of 1.63 and a beta of 0.71. The business’s fifty day moving average is $59.62 and its two-hundred day moving average is $60.08.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.67 annualized dividend and a yield of 4.3%. Dominion Energy’s dividend payout ratio (DPR) is presently 90.82%.

Analyst Ratings Changes

D has been the topic of several recent analyst reports. Evercore ISI started coverage on Dominion Energy in a research report on Tuesday, October 7th. They set an “in-line” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a report on Thursday, December 11th. Morgan Stanley raised their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Wells Fargo & Company dropped their price objective on shares of Dominion Energy from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 20th. Finally, BMO Capital Markets cut their target price on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $64.33.

Dominion Energy Company Profile

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.