Dominion Energy Inc (NYSE: D)’s stock price has dropped by -0.11 in relation to previous closing price of 53.93. Nevertheless, the company has seen a gain of 0.39% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-24 that Dominion Energy is well-positioned for growth, driven by solidified data center demand and supportive regulatory environments. Dominion’s firm contracts with data centers mitigate speculative demand risks, ensuring secured incremental load. Regulatory support and ongoing offshore wind projects, like CVOW, enhance Dominion’s growth prospects, with expected completion by 2026.
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 19.21x 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,” 1 as “overweight,” 16 as “hold,” and 0 as “sell.”
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The public float for D is 838.87M, and currently, short sellers hold a 2.14% ratio of that float. The average trading volume of D on December 31, 2024 was 4.41M shares.
D’s Market Performance
D’s stock has seen a 0.39% increase for the week, with a -9.77% drop in the past month and a -6.78% fall in the past quarter. The volatility ratio for the week is 1.14%, and the volatility levels for the past 30 days are at 1.73% for Dominion Energy Inc. The simple moving average for the past 20 days is -1.29% for D’s stock, with a -0.11% simple moving average for the past 200 days.
Analysts’ Opinion of D
Many brokerage firms have already submitted their reports for D stocks, with Morgan Stanley repeating the rating for D by listing it as a “Equal-Weight.” The predicted price for D in the upcoming period, according to Morgan Stanley is $61 based on the research report published on December 02, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see D reach a price target of $61. The rating they have provided for D stocks is “Neutral” according to the report published on November 08th, 2024.
Jefferies gave a rating of “Hold” to D, setting the target price at $58 in the report published on September 20th of the current year.
D Trading at -5.40% 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 -13.07% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.14%, as shares sank -8.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.83% lower at present.
During the last 5 trading sessions, D rose by +0.39%, which changed the moving average for the period of 200-days by +13.15% in comparison to the 20-day moving average, which settled at $54.57. In addition, Dominion Energy Inc saw 14.62% 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:
- 0.26 for the present operating margin
- 0.53 for the gross margin
The net margin for Dominion Energy Inc stands at 0.17. The total capital return value is set at 0.04. Equity return is now at value 8.32, with 2.25 for asset returns.
Based on Dominion Energy Inc (D), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 2.56.
Currently, EBITDA for the company is 6.82 billion with net debt to EBITDA at 5.9. When we switch over and look at the enterprise to sales, we see a ratio of 6.07. The receivables turnover for the company is 6.07for 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 0.74.
Conclusion
To put it simply, Dominion Energy Inc (D) has had a mixed 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’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.
