Dominion Energy Inc (D) Shares Rise Despite Market Challenges

The stock price of Dominion Energy Inc (NYSE: D) has jumped by 0.19 compared to previous close of 52.79. Despite this, the company has seen a fall of -1.65% in its stock price over the last five trading days. investorplace.com reported 2024-05-24 that Utility stocks gained 11% over the last month, intriguing investors about which utility stocks to buy next in light of the unusual market outperformance. This is due to two major technology shifts that could lead the sector to strong returns for years.

Is It Worth Investing in Dominion Energy Inc (NYSE: D) Right Now?

Dominion Energy Inc (NYSE: D) has a higher price-to-earnings ratio of 27.84x compared to its average ratio. D has 36-month beta value of 0.60. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 0 as “sell.”

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The public float for D is 837.07M, and currently, short sellers hold a 1.88% ratio of that float. The average trading volume of D on May 29, 2024 was 5.19M shares.

D’s Market Performance

D’s stock has seen a -1.65% decrease for the week, with a 4.84% rise in the past month and a 10.67% gain in the past quarter. The volatility ratio for the week is 1.22%, and the volatility levels for the past 30 days are at 1.65% for Dominion Energy Inc The simple moving average for the past 20 days is 0.76% for D’s stock, with a 12.36% simple moving average for the past 200 days.

Analysts’ Opinion of D

Many brokerage firms have already submitted their reports for D stocks, with BofA Securities repeating the rating for D by listing it as a “Neutral.” The predicted price for D in the upcoming period, according to BofA Securities is $54 based on the research report published on May 10, 2024 of the current year 2024.

BMO Capital Markets, on the other hand, stated in their research note that they expect to see D reach a price target of $49. The rating they have provided for D stocks is “Market Perform” according to the report published on March 11th, 2024.

Barclays gave a rating of “Overweight” to D, setting the target price at $47 in the report published on November 06th of the previous year.

D Trading at 5.08% 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 -3.38% of loss for the given period.

Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares surge +3.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.56% upper at present.

During the last 5 trading sessions, D fell by -1.65%, which changed the moving average for the period of 200-days by +6.03% in comparison to the 20-day moving average, which settled at $52.58. In addition, Dominion Energy Inc saw 12.53% 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:

  • 0.24 for the present operating margin
  • 0.56 for the gross margin

The net margin for Dominion Energy Inc stands at 0.12. The total capital return value is set at 0.04. Equity return is now at value 7.73, with 2.08 for asset returns.

Based on Dominion Energy Inc (D), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.51. The interest coverage ratio of the stock is 2.21.

Currently, EBITDA for the company is 6.5 billion with net debt to EBITDA at 6.56. When we switch over and look at the enterprise to sales, we see a ratio of 5.93. The receivables turnover for the company is 6.03for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.

Conclusion

To put it simply, Dominion Energy Inc (D) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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