Dominion Energy, Inc. (NYSE:D) Sees Large Decline in Short Interest

Dominion Energy, Inc. (NYSE:D - Get Free Report) was the target of a significant decline in short interest during 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. Approximately 2.1% of the company's shares are short sold. Based on an average daily trading volume, of 4,720,000 shares, the short-interest ratio is currently 3.7 days.

Dominion Energy Stock Down 6.1 %

Shares of NYSE:D traded down $3.42 during midday trading on Friday, hitting $52.83. 8,631,022 shares of the company's stock traded hands, compared to its average volume of 4,244,841. The firm's fifty day moving average price is $55.31 and its two-hundred day moving average price is $56.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. Dominion Energy has a twelve month low of $46.62 and a twelve month high of $61.97. The company has a market cap of $45.02 billion, a PE ratio of 19.57, a P/E/G ratio of 1.22 and a beta of 0.57.

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

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Dominion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 5.05%. The ex-dividend date was Friday, February 28th. Dominion Energy's dividend payout ratio (DPR) is 98.89%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Dominion Energy

Several hedge funds and other institutional investors have recently bought and sold shares of D. Hotchkis & Wiley Capital Management LLC grew its position in shares of Dominion Energy by 63.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 8,436,875 shares of the utilities provider's stock worth $487,567,000 after buying an additional 3,278,175 shares in the last quarter. Barclays PLC grew its holdings in Dominion Energy by 19.8% during the 3rd quarter. Barclays PLC now owns 2,452,701 shares of the utilities provider's stock worth $141,739,000 after acquiring an additional 404,868 shares in the last quarter. Czech National Bank grew its holdings in Dominion Energy by 6.6% during the 4th quarter. Czech National Bank now owns 182,131 shares of the utilities provider's stock worth $9,810,000 after acquiring an additional 11,231 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Dominion Energy by 15.6% in the 4th quarter. HB Wealth Management LLC now owns 35,993 shares of the utilities provider's stock valued at $1,939,000 after purchasing an additional 4,861 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Dominion Energy by 12.2% in the 4th quarter. Pacer Advisors Inc. now owns 70,213 shares of the utilities provider's stock valued at $3,782,000 after purchasing an additional 7,632 shares in the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Company Profile

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.