Dominion Energy Inc (NYSE:D) shares, rose in value, with the stock price down by -0.16% to the previous day’s close as strong demand from buyers drove the stock to $48.57.
Actively observing the price movement in the last trading, the stock closed the session at $48.65. The value of beta (5-year monthly) was 0.61 whereas the PE ratio was 21.23 over 12-month period. Referring to stock’s 52-week performance, its high was $58.69, and the low was $39.18. On the whole, D has fluctuated by 3.12% over the past month.
With the market capitalization of Dominion Energy Inc currently standing at about $40.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024. The company’s Forward Dividend Ratio is 2.67, with its dividend yield at 5.50%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.62, which is expected to increase to $0.78 for fiscal year $2.95 and then to about $3.41 by fiscal year 2025. Data indicates that the EPS growth is expected to be 48.20% in 2025, while the next year’s EPS growth is forecast to be 15.60%.
Analysts have estimated the company’s revenue for the quarter at $4.28 billion, with a low estimate of $3.71 billion and a high estimate of $5.4 billion. According to the average forecast, sales growth in current quarter could jump down -18.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $16.08 billion, representing an increase of 11.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that D’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.09, with the price of D currently trading nearly 0.77% and 3.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.58, while the 7-day volatility ratio is showing 1.83% which for the 30-day chart, stands at 2.03%. Furthermore, Dominion Energy Inc (D)’s beta value is 0.61, and its average true range (ATR) is 1.09.
A comparison of Dominion Energy Inc (D) with its peers suggests the former has fared considerably weaker in the market. D showed an intraday change of -0.16% in last session, and over the past year, it shrunk by -13.75%%.
Data on historical trading for Dominion Energy Inc (NYSE:D) indicates that the trading volumes over the past 10 days have averaged 5.13 million and over the past 3 months, they’ve averaged 5.73 million. According to company’s latest data on outstanding shares, there are 838.00 million shares outstanding.
Nearly 0.13% of Dominion Energy Inc’s shares belong to company insiders and institutional investors own 73.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.29 million shares as on Mar 15, 2024, resulting in a short ratio of 1.88. According to the data, the short interest in Dominion Energy Inc (D) stood at 1.71% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.94 million. The stock has risen by 3.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the D stock heading into the next quarter.
