Dominion Energy Inc [D] stock prices are up 4.96% to $47.86 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The D shares have gain 5.21% over the last week, with a monthly amount glided 8.40%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Stonepeak to Acquire 50% Interest in Dominion Energy’s Coastal Virginia Offshore Wind Project. In a post published today on Yahoo Finance, Project expected to be the largest offshore wind farm in the U.S. and one of the largest offshore wind farms globally upon completion.
From an analyst’s perspective:
Dominion Energy Inc [NYSE: D] stock has seen the most recent analyst activity on November 06, 2023, when Barclays upgraded its rating to a Overweight and also boosted its price target to $47 from $45. Previously, Scotiabank downgraded its rating to Sector Perform on October 16, 2023, and dropped its price target to $46. On August 23, 2023, Barclays initiated with a Equal Weight rating and assigned a price target of $52 on the stock. Seaport Research Partners upgraded its rating to a Buy but $59 remained the price target by the analyst firm on June 05, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on December 07, 2022, and downed its price target to $64. In a note dated November 17, 2022, Evercore ISI downgraded an In-line rating on this stock but restated the target price of $78.
The stock price of Dominion Energy Inc [D] has been fluctuating between $39.18 and $58.69 over the past year. Currently, Wall Street analysts expect the stock to reach $67 within the next 12 months. Dominion Energy Inc [NYSE: D] shares were valued at $47.86 at the most recent close of the market. An investor can expect a potential return of 39.99% based on the average D price forecast.
Analyzing the D fundamentals
The Dominion Energy Inc [NYSE:D] reported sales of 16.08B for trailing twelve months, representing a drop of -18.73%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 46.39 points at the first support level, and at 44.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.69, and for the 2nd resistance point, it is at 49.51.
Dominion Energy Inc [D] reported earnings per share of $0.29 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.38/share, meaning a difference of -$0.09 and a surprise factor of -23.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.77 per share as compared to estimates of $0.76 per share, a difference of $0.01 representing a surprise of 1.30%.
Ratios To Look Out For
It’s worth pointing out that Dominion Energy Inc [NYSE:D]’s Current Ratio is 1.04. As well, the Quick Ratio is 0.97, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.49, the price to book ratio is 1.56 and price to earnings (TTM) ratio is 20.92.
Transactions by insiders
Recent insider trading involved Leopold Diane, Exec. Vice President and COO, that happened on Dec 01 when 6250.0 shares were sold. Director, STORY SUSAN N completed a deal on Jun 20 to buy 54.0 shares. Meanwhile, Exec. Vice President and COO Leopold Diane sold 6250.0 shares on Jun 01.
