During the recent session, Dominion Energy Inc (NYSE:D)’s traded shares were 3.65 million, with the beta value of the company hitting 0.60. At the last check today, the stock’s price was $57.75, reflecting an intraday gain of 0.47% or $0.27. The 52-week high for the D share is $58.94, that puts it down -2.06 from that peak though still a striking 32.16% gain since the share price plummeted to a 52-week low of $39.18. The company’s market capitalization is $48.45B, and the average intraday trading volume over the past 10 days was 3.37 million shares, and the average trade volume was 3.46 million shares over the past three months.
Dominion Energy Inc (D) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.78. D has a Sell rating from 1 analyst(s) out of 18 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.92.
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Dominion Energy Inc (NYSE:D) trade information
Dominion Energy Inc (D) registered a 0.47% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.47% in intraday trading to $57.75, hitting a weekly high. The stock’s 5-day price performance is -0.70%, and it has moved by 2.38% in 30 days. Based on these gigs, the overall price performance for the year is 20.39%. The short interest in Dominion Energy Inc (NYSE:D) is 16.36 million shares and it means that shorts have 4.47 day(s) to cover.
The consensus price target of analysts on Wall Street is $59, which implies an increase of 2.12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $49 and $92 respectively. As a result, D is trading at a discount of -59.31% off the target high and 15.15% off the low.
Dominion Energy Inc (D) estimates and forecasts
Statistics show that Dominion Energy Inc has outperformed its competitors in share price, compared to the industry in which it operates. Dominion Energy Inc (D) shares have gone up 19.07% during the last six months, with a year-to-date growth rate more than the industry average at 38.19% against 6.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 19.50% this quarter and then jump 120.70% in the quarter after that. In the rating firms’ projections, revenue will increase 8.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.18B as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 4.01B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.81B and 3.53B respectively. In this case, analysts expect current quarter sales to grow by 9.60% and then jump by 13.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -9.37%. While earnings are projected to return 39.11% in 2024, the next five years will return 19.50% per annum.
D Dividends
Dominion Energy Inc is due to release its next quarterly earnings on 2024-Nov-01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Dominion Energy Inc is 2.67, with the dividend yield indicating at 4.62 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.45%.
Dominion Energy Inc (NYSE:D)’s Major holders
Dominion Energy Inc insiders own 0.12% of total outstanding shares while institutional holders control 77.07%, with the float percentage being 77.16%. VANGUARD GROUP INC is the largest shareholder of the company, while 1640.0 institutions own stock in it. As of 2024-06-30, the company held over 87.91 million shares (or 10.496% of all shares), a total value of $4.31 billion in shares.
The next largest institutional holding, with 61.27 million shares, is of BLACKROCK INC.’s that is approximately 7.3151% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.0 billion.
