Short Interest in Dominion Energy, Inc. (NYSE:D) Expands By 20.7%

Dominion Energy, Inc. (NYSE:D - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 24,850,000 shares, a growth of 20.7% from the April 30th total of 20,590,000 shares. Approximately 3.0% of the company's stock are short sold. Based on an average daily trading volume, of 5,630,000 shares, the days-to-cover ratio is currently 4.4 days.

Hedge Funds Weigh In On Dominion Energy

A number of institutional investors and hedge funds have recently made changes to their positions in D. Greenwood Capital Associates LLC bought a new stake in Dominion Energy during the 4th quarter worth approximately $1,027,000. Principal Securities Inc. raised its stake in Dominion Energy by 3.9% during the 4th quarter. Principal Securities Inc. now owns 15,799 shares of the utilities provider's stock worth $851,000 after acquiring an additional 590 shares during the period. Empowered Funds LLC raised its position in shares of Dominion Energy by 12.2% during the fourth quarter. Empowered Funds LLC now owns 16,227 shares of the utilities provider's stock valued at $874,000 after buying an additional 1,767 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Dominion Energy by 325.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 51,323 shares of the utilities provider's stock valued at $2,764,000 after buying an additional 39,250 shares during the last quarter. Finally, Savant Capital LLC raised its position in shares of Dominion Energy by 4.2% during the fourth quarter. Savant Capital LLC now owns 12,736 shares of the utilities provider's stock valued at $686,000 after buying an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company's stock.

Dominion Energy Stock Down 0.3%

D stock traded down $0.19 during trading on Friday, hitting $55.81. 4,402,690 shares of the stock traded hands, compared to its average volume of 4,551,682. Dominion Energy has a 1 year low of $47.99 and a 1 year high of $61.97. The firm's 50 day moving average is $54.45 and its two-hundred day moving average is $54.94. The stock has a market cap of $47.59 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.56. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.11. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.95 billion. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. On average, sell-side analysts anticipate that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 29th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, May 29th. Dominion Energy's payout ratio is 100.00%.

Analyst Ratings Changes

D has been the topic of a number of recent analyst reports. Argus raised shares of Dominion Energy to a "hold" rating in a research report on Tuesday, March 25th. Morgan Stanley cut their price target on shares of Dominion Energy from $63.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $52.00 price objective (down previously from $59.00) on shares of Dominion Energy in a research note on Tuesday, April 8th. Finally, UBS Group upped their price target on shares of Dominion Energy from $58.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Dominion Energy currently has a consensus rating of "Hold" and an average target price of $58.63.

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.