Dominion Energy Inc (D) shares projected to rise by 26.6%

A share price of Dominion Energy Inc [D] is currently trading at $49.48, up 0.30%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The D shares have gain 3.06% over the last week, with a monthly amount drifted -5.34%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Dominion Energy Inc [NYSE: D] stock has seen the most recent analyst activity on May 10, 2024, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $54 from $43. Previously, BMO Capital Markets downgraded its rating to Market Perform on March 11, 2024, and kept the price target unchanged to $49. On November 06, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $47 on the stock. Scotiabank downgraded its rating to a Sector Perform and decreased its price target to $46 on October 16, 2023. Barclays initiated its recommendation with a Equal Weight and recommended $52 as its price target on August 23, 2023. In a note dated June 05, 2023, Seaport Research Partners upgraded an Buy rating on this stock but restated the target price of $59.

Dominion Energy Inc experienced fluctuations in its stock price throughout the past year between $39.18 and $54.74. Currently, Wall Street analysts expect the stock to reach $62.64 within the next 12 months. Dominion Energy Inc [NYSE: D] shares were valued at $49.48 at the most recent close of the market. An investor can expect a potential return of 26.6% based on the average D price forecast.

Analyzing the D fundamentals

Trailing Twelve Months sales for Dominion Energy Inc [NYSE:D] were 14.38B which represents -32.29% decline. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.51.

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 49.03 points at the first support level, and at 48.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.93, and for the 2nd resistance point, it is at 50.38.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Dominion Energy Inc [NYSE:D] is 1.05. Further, the Quick Ratio stands at 0.94, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 2.88, the price to book ratio is 1.62 and price to earnings (TTM) ratio is 26.05.

Transactions by insiders

Recent insider trading involved RIGBY JOSEPH M, Director, that happened on Mar 06 ’24 when 2130.0 shares were purchased. Chair, President and CEO, BLUE ROBERT M completed a deal on Mar 04 ’24 to buy 21735.0 shares. Meanwhile, Exec. Vice President and COO Leopold Diane sold 6250.0 shares on Dec 01 ’23.

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