Dominion Energy, Inc. (NYSE:D) Short Interest Down 21.2% in December

Dominion Energy, Inc. (NYSE:D - Get Free Report) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 14,180,000 shares, a decline of 21.2% from the December 15th total of 17,990,000 shares. Based on an average trading volume of 4,460,000 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Ratings Changes

Several equities research analysts recently weighed in on D shares. Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $61.00 price objective on shares of Dominion Energy in a research note on Friday, November 8th. Jefferies Financial Group initiated coverage on Dominion Energy in a research note on Friday, September 20th. They set a "hold" rating and a $58.00 target price for the company. Scotiabank increased their price target on Dominion Energy from $58.00 to $61.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Finally, Morgan Stanley initiated coverage on Dominion Energy in a research report on Monday, December 2nd. They set an "equal weight" rating and a $61.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $56.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. grew its stake in shares of Dominion Energy by 36.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 18,886 shares of the utilities provider's stock valued at $925,000 after purchasing an additional 5,044 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Dominion Energy by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,127,357 shares of the utilities provider's stock worth $104,253,000 after purchasing an additional 89,379 shares during the period. Citizens Financial Group Inc. RI grew its position in Dominion Energy by 28.5% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 5,684 shares of the utilities provider's stock valued at $279,000 after buying an additional 1,259 shares during the last quarter. Moors & Cabot Inc. increased its stake in Dominion Energy by 12.6% in the 2nd quarter. Moors & Cabot Inc. now owns 27,370 shares of the utilities provider's stock valued at $1,341,000 after buying an additional 3,071 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Dominion Energy during the 2nd quarter worth $214,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 0.5 %

Dominion Energy stock traded up $0.28 during mid-day trading on Friday, hitting $55.34. The company had a trading volume of 4,655,433 shares, compared to its average volume of 4,158,438. The stock has a market cap of $46.49 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 1.16 and a beta of 0.60. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. Dominion Energy has a 1 year low of $43.53 and a 1 year high of $61.97. The business has a fifty day moving average of $55.54 and a 200 day moving average of $55.66.

Dominion Energy (NYSE:D - Get Free Report) last posted its earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The company's revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.77 EPS. On average, sell-side analysts expect that Dominion Energy will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, November 29th were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.82%. Dominion Energy's dividend payout ratio (DPR) is 93.68%.

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.