The stock price of Dominion Energy Inc (NYSE: D) has plunged by -0.22 when compared to previous closing price of 49.02, but the company has seen a 0.70% gain in its stock price over the last five trading sessions. CNBC Television reported 2024-04-09 that Sophie Karp, KeyBanc Capital Markets, joins ‘Fast Money’ to talk tomorrow’s inflation report and what’s ahead for energy prices and her top utility stock picks.
Is It Worth Investing in Dominion Energy Inc (NYSE: D) Right Now?
Dominion Energy Inc (NYSE: D) has a price-to-earnings ratio of 21.38x that is above its average ratio. Additionally, the 36-month beta value for D is 0.61. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 14 rating it as “hold,” and 0 rating it as “sell.”
The public float for D is 836.36M and currently, short sellers hold a 1.79% ratio of that float. The average trading volume of D on April 15, 2024 was 5.71M shares.
D’s Market Performance
D stock saw an increase of 0.70% in the past week, with a monthly gain of 1.75% and a quarterly increase of 3.82%. The volatility ratio for the week is 1.96%, and the volatility levels for the last 30 days are 2.00% for Dominion Energy Inc (D). The simple moving average for the last 20 days is 0.85% for D stock, with a simple moving average of 3.65% for the last 200 days.
Analysts’ Opinion of D
Many brokerage firms have already submitted their reports for D stocks, with BMO Capital Markets repeating the rating for D by listing it as a “Market Perform.” The predicted price for D in the upcoming period, according to BMO Capital Markets is $49 based on the research report published on March 11, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see D reach a price target of $47, previously predicting the price at $45. The rating they have provided for D stocks is “Overweight” according to the report published on November 06th, 2023.
Scotiabank gave a rating of “Sector Perform” to D, setting the target price at $46 in the report published on October 16th of the previous year.
D Trading at 3.80% from the 50-Day Moving Average
After a stumble in the market that brought D to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.66% of loss for the given period.
Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares surge +2.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.98% upper at present.
During the last 5 trading sessions, D rose by +0.70%, which changed the moving average for the period of 200-days by -6.86% in comparison to the 20-day moving average, which settled at $48.56. In addition, Dominion Energy Inc saw 4.06% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at D starting from RIGBY JOSEPH M, who purchase 2,130 shares at the price of $46.94 back on Mar 06 ’24. After this action, RIGBY JOSEPH M now owns 8,417 shares of Dominion Energy Inc, valued at $99,998 using the latest closing price.
BLUE ROBERT M, the Chair, President and CEO of Dominion Energy Inc, purchase 21,735 shares at $45.91 during a trade that took place back on Mar 04 ’24, which means that BLUE ROBERT M is holding 176,240 shares at $997,891 based on the most recent closing price.
Stock Fundamentals for D
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.6 for the gross margin
The net margin for Dominion Energy Inc stands at 0.12. The total capital return value is set at 0.05. Equity return is now at value 9.38, with 2.44 for asset returns.
Based on Dominion Energy Inc (D), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.6. The interest coverage ratio of the stock is 2.91.
Currently, EBITDA for the company is 6.5 billion with net debt to EBITDA at 6.22. When we switch over and look at the enterprise to sales, we see a ratio of 5.31. The receivables turnover for the company is 6.42for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In conclusion, Dominion Energy Inc (D) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
