Short Interest in Dominion Energy Inc. (NYSE:D) Decreases By 22.7%

Dominion Energy Inc. (NYSE:D) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 32,228,912 shares, a decline of 22.7% from the December 15th total of 41,702,591 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average trading volume of 7,868,217 shares, the days-to-cover ratio is currently 4.1 days. Based on an average trading volume of 7,868,217 shares, the days-to-cover ratio is currently 4.1 days. Currently, 3.8% of the shares of the stock are short sold.

Dominion Energy Price Performance

Shares of D stock traded up $0.81 during trading hours on Monday, reaching $61.15. The stock had a trading volume of 6,709,978 shares, compared to its average volume of 6,100,144. The stock’s fifty day simple moving average is $59.75 and its 200 day simple moving average is $59.83. The firm has a market capitalization of $52.22 billion, a PE ratio of 20.80, a PEG ratio of 1.66 and a beta of 0.72. Dominion Energy has a 12 month low of $48.07 and a 12 month high of $62.87. The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.41.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Dominion Energy had a net margin of 16.17% and a return on equity of 9.60%. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. Dominion Energy’s revenue was up 14.9% on a year-over-year basis. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. On average, equities research analysts predict that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, December 5th. Dominion Energy’s dividend payout ratio is currently 90.82%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of D. Brighton Jones LLC increased its holdings in shares of Dominion Energy by 64.3% in the 4th quarter. Brighton Jones LLC now owns 9,081 shares of the utilities provider’s stock worth $489,000 after buying an additional 3,553 shares during the last quarter. Empowered Funds LLC increased its stake in Dominion Energy by 8.3% in the first quarter. Empowered Funds LLC now owns 17,571 shares of the utilities provider’s stock valued at $985,000 after acquiring an additional 1,344 shares during the last quarter. Woodline Partners LP raised its position in Dominion Energy by 40.7% during the first quarter. Woodline Partners LP now owns 70,968 shares of the utilities provider’s stock valued at $3,979,000 after purchasing an additional 20,522 shares in the last quarter. Intech Investment Management LLC lifted its stake in Dominion Energy by 71.2% during the first quarter. Intech Investment Management LLC now owns 30,460 shares of the utilities provider’s stock worth $1,708,000 after purchasing an additional 12,663 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of Dominion Energy by 46.0% in the 2nd quarter. Wedmont Private Capital now owns 8,437 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 2,660 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Dominion Energy from $62.00 to $59.00 and set an “underweight” rating on the stock in a report on Thursday, December 11th. TD Cowen began coverage on shares of Dominion Energy in a research note on Friday, January 9th. They set a “hold” rating and a $65.00 target price on the stock. BMO Capital Markets lowered their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dominion Energy in a research note on Monday, December 29th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and an average target price of $64.78.

About Dominion Energy

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.