Dominion Energy Inc. (NYSE:D) does about 5.97M shares in volume on a normal day but saw 4109075 shares change hands in Monday trading. The company now has a market cap of 52.13B USD. Its current market price is $62.97, marking an increase of 0.88% compared to the previous close of $62.42. The 52 week high reached by this stock is $88.78 whilst the lowest price level in 52 weeks is $57.18. The script in recent trading has seen the stock touch a high of $63.54 and a low of $62.10.
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Dominion Energy Inc. (D) has a 20-day trading average at $62.02 and the current price is -29.07% off the 52-week high compared with 10.13% distance from its 52-week low. The 50-day simple moving average of the closing price is $60.62 and its 200-day simple moving average is $74.29. If we look at the stock’s price movements over the week, volatility stands at 1.83%, which increases to 1.83% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 58.34 to suggest the stock is neutral.
The consensus objective for the share price is $71.50, suggesting that the stock has a potential upside of 11.93% over the period.
FactSet Research has provided data showing that 18 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 3 analysts have rated it as a buy and 13 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 07, 2022 when Wells Fargo downgraded the stock to “Equal Weight” and issued a price target of between $73 and $64. Evercore ISI also downgraded the stock to “In-line” from Outperform on November 17, 2022 at a price target of $78. Goldman upgraded its price target at $72-$69.
The current price level is 1.78%, 3.88%, and -15.37% away from its SMA20, SMA50, and SMA200 respectively, with the D price moving above the 50-day SMA on January 23. Dominion Energy Inc. (D) stock is up 0.08% over the week and 5.69% over the past month. Its price is 2.69% year-to-date and -20.38% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $1.11 above consensus estimates by $0.03. D’s earnings per share are forecast to grow by 6.70% this year and 1.20% over next year. Expected sales for next quarter are $4.45 billion, which analysts say will come at $15.92 billion for the current fiscal year and next year at $16.7 billion. In addition, estimates put the company’s current quarterly revenue at an average of $4.09 billion.
Its 12-month price target is $67.50. To reach the target analysts have set, the stock logically needs to grow 11.93 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $57.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $78.00.
Outstanding shares total 832.60M with insiders holding 0.14% of the shares and institutional holders owning 72.38% of the company’s common stock. The company has a return on investment of 3.90% and return on equity of 8.70%. The price to earnings ratio (P/E ratio) amounts to 29.77 while the forward price to earnings ratio is 15.09. The beta has a value of 0.44. Price to book ratio is 1.96 and price to sales ratio is 3.23.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Dominion Energy Inc. (D) to 25,347,149 shares, mirroring a recent increase by 0.94%. Vanguard Total Stock Market Index added 0.24 million shares of Dominion Energy Inc. common stock bringing its total worth to about $1.55 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which added 0.19 million shares to end up with 19,261,464 shares worth $1.18 billion. SPDR Series – Utilities Select Se raise their holdings by 0.78% in the company over the course of the most recent quarter. It now holds a 1.61% position in Dominion Energy Inc. thanks to 13.39 million shares amounting to $821.26 million.
