Short Interest in Dominion Energy, Inc. (NYSE:D) Expands By 5.5%

Dominion Energy, Inc. (NYSE:D - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 17,990,000 shares, a growth of 5.5% from the November 30th total of 17,060,000 shares. Based on an average daily trading volume, of 4,490,000 shares, the days-to-cover ratio is presently 4.0 days.

Institutional Trading of Dominion Energy

A number of hedge funds have recently made changes to their positions in the stock. Sanctuary Wealth Management L.L.C. bought a new stake in Dominion Energy in the third quarter valued at about $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Dominion Energy in the 3rd quarter worth approximately $32,000. Dunhill Financial LLC raised its position in shares of Dominion Energy by 601.2% during the 3rd quarter. Dunhill Financial LLC now owns 568 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 487 shares in the last quarter. Larson Financial Group LLC lifted its stake in Dominion Energy by 282.4% during the third quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider's stock worth $35,000 after purchasing an additional 449 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new position in Dominion Energy during the third quarter worth $36,000. Institutional investors and hedge funds own 73.04% of the company's stock.

Dominion Energy Stock Down 0.0 %

Shares of D traded down $0.01 during midday trading on Wednesday, reaching $53.86. 2,714,856 shares of the company were exchanged, compared to its average volume of 4,437,298. Dominion Energy has a 1-year low of $43.53 and a 1-year high of $61.97. The stock has a 50-day moving average price of $56.56 and a 200-day moving average price of $55.35. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a market cap of $45.24 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 1.44 and a beta of 0.59.

Dominion Energy (NYSE:D - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $3.94 billion during 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%. Dominion Energy's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. Research analysts expect that Dominion Energy will post 2.75 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, November 29th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Friday, November 29th. Dominion Energy's payout ratio is 93.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on D shares. The Goldman Sachs Group restated a "neutral" rating and set a $61.00 target price on shares of Dominion Energy in a research report on Friday, November 8th. Morgan Stanley assumed 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. Jefferies Financial Group started coverage on Dominion Energy in a report on Friday, September 20th. They set a "hold" rating and a $58.00 target price on the stock. Scotiabank lifted their price target on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Finally, Barclays raised their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $56.58.

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.