Dominion Energy Inc. [NYSE: D] loss -11.00% or -9.1 points to close at $73.59 with a heavy trading volume of 26695189 shares. As of July 5, 2020, Dominion Energy stated that it has canceled the Atlantic Coast Pipeline (ACP) deal with Duke Energy (NYSE: DUK). Both the companies after a long wait have made the decision following the ongoing delays and the increasing cost of the project.
The major reason behind such long delays was the long-pending case at the United States Supreme Court. The fact that the Supreme Court acquitted the ACP project, the company did not want to take any further chances as it could cause a serious threat to the economic viability of the project. With the following scenario, Dominion Energy could not further justify the case upon its shareholder’s investment. This led to the cancelation of the ACP deal between both the firms.
It opened the trading session at $79.39, the shares rose to $80.88 and dropped to $73.31, the range by which the price of stock traded the whole day. The daily chart for D points out that the company has recorded -9.99% loss over the past six months. However, it is still -27.34% lower than its most recent low trading price.
If we look at the average trading volume of 3.77M shares, D reached to a volume of 26695189 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Dominion Energy Inc. [D]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for D shares is $86.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on D stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Seaport Global Securities have made an estimate for Dominion Energy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 09, 2020. The new note on the price target was released on May 29, 2020, representing the official price target for Dominion Energy Inc. stock. Previously, the target price had yet another raise to $91, while BMO Capital Markets analysts kept a Market Perform rating on D stock.
The Average True Range (ATR) for Dominion Energy Inc. is set at 2.55, with the Price to Sales ratio for D stock in the period of the last 12 months amounting to 3.58. The Price to Book ratio for the last quarter was 2.18, with the Price to Cash per share for the same quarter was set at 1.43.
Trading performance analysis for D stock
Dominion Energy Inc. [D] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.64. With this latest performance, D shares dropped by -13.38% in over the last four-week period, additionally sinking by -9.99% over the last 6 months – not to mention a drop of -5.53% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for D stock in for the last two-week period is set at 30.20, with the RSI for the last a single of trading hit 23.95, and the three-weeks RSI is set at 36.49 for Dominion Energy Inc. [D]. The present Moving Average for the last 50 days of trading for this stock 81.23, while it was recorded at 80.08 for the last single week of trading, and 81.15 for the last 200 days.
Dominion Energy Inc. [D]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Dominion Energy Inc. [D] shares currently have an operating margin of +26.67 and a Gross Margin at +56.08. Dominion Energy Inc.’s Net Margin is presently recorded at +8.27.
Return on Total Capital for D is now 6.76, given the latest momentum, and Return on Invested Capital for the company is 2.31. Return on Equity for this stock inclined to 5.21, with Return on Assets sitting at 1.49. When it comes to the capital structure of this company, Dominion Energy Inc. [D] has a Total Debt to Total Equity ratio set at 120.11. Additionally, D Total Debt to Total Capital is recorded at 54.57, with Total Debt to Total Assets ending up at 37.01. Long-Term Debt to Equity for the company is recorded at 115.74, with the Long-Term Debt to Total Capital now at 48.66.
Reflecting on the efficiency of the workforce at the company, Dominion Energy Inc. [D] managed to generate an average of $71,099 per employee. Receivables Turnover for the company is 6.95 with a Total Asset Turnover recorded at a value of 0.18.Dominion Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.
Dominion Energy Inc. [D]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Dominion Energy Inc. posted 0.77/share EPS, while the average EPS was predicted by analysts to be reported at 0.76/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for D. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dominion Energy Inc. go to 4.72%.
An analysis of insider ownership at Dominion Energy Inc. [D]
There are presently around $46,906 million, or 73.20% of D stock, in the hands of institutional investors. The top three institutional holders of D stocks are: VANGUARD GROUP INC with ownership of 70,547,919, which is approximately 2.464% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 60,458,867 shares of the stock with an approximate value of $5.0 billion in D stocks shares; and STATE STREET CORP, currently with $3.75 billion in D stock with ownership of nearly 1.598% of the company’s market capitalization.
Positions in Dominion Energy Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 652 institutional holders increased their position in Dominion Energy Inc. [NYSE:D] by around 24,521,791 shares. Additionally, 709 investors decreased positions by around 21,674,488 shares, while 198 investors held positions by with 521,052,249 shares. The mentioned changes placed institutional holdings at 567,248,528 shares, according to the latest SEC report filing. D stock had 119 new institutional investments in for a total of 2,910,588 shares, while 147 institutional investors sold positions of 5,615,355 shares during the same period.