Dominion Energy Inc. [NYSE: D] plunged by -$1.33 during the normal trading session on Thursday and reaching a high of $74.65 during the day while it closed the day at $73.02. The company report on September 16, 2021 that Dominion Energy, Trade Unions Announce Coastal Virginia Offshore Wind Partnership.
– Agreement to cooperate and collaborate on tripartite discussions with Coastal Virginia Offshore Wind suppliers to transition U.S. union construction workers into the offshore wind industry in collaboration with the leadership of the fourteen NABTU affiliates and the United Brotherhood of Carpenters.
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– Agreement builds upon longstanding relationship between Dominion Energy, trade unions.
Dominion Energy Inc. stock has also loss -1.67% of its value over the past 7 days. However, D stock has declined by -1.47% in the 3 months of the year. Over the past six months meanwhile, it has lost -3.57% and lost -2.90% year-on date.
The market cap for D stock reached $58.78 billion, with 806.60 million shares outstanding and 806.26 million shares in the current float. Compared to the average trading volume of 3.15M shares, D reached a trading volume of 4301507 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $84.96 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 2.20. 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.
Morgan Stanley have made an estimate for Dominion Energy Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on August 31, 2021. While these analysts kept the previous recommendation, Scotiabank raised their target price from $88 to $92. The new note on the price target was released on July 06, 2021, representing the official price target for Dominion Energy Inc. stock. Previously, the target price had yet another raise to $83, while Wells Fargo analysts kept a Overweight rating on D stock.
The Average True Range (ATR) for Dominion Energy Inc. is set at 1.26, with the Price to Sales ratio for D stock in the period of the last 12 months amounting to 4.19. The Price to Book ratio for the last quarter was 2.44, with the Price to Cash per share for the same quarter was set at 0.30.
D stock trade performance evaluation
Dominion Energy Inc. [D] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.67. With this latest performance, D shares dropped by -6.19% in over the last four-week period, additionally sinking by -3.57% over the last 6 months – not to mention a drop of -7.49% 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 35.87, with the RSI for the last a single of trading hit 33.49, and the three-weeks RSI is set at 38.60 for Dominion Energy Inc. [D]. The present Moving Average for the last 50 days of trading for this stock 76.49, while it was recorded at 73.78 for the last single week of trading, and 75.34 for the last 200 days.
Dominion Energy Inc. [D]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for Dominion Energy Inc. [D] stock
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 6.65%.
Dominion Energy Inc. [D]: Insider Ownership positions
There are presently around $39,470 million, or 68.10% of D stock, in the hands of institutional investors. The top three institutional holders of D stocks are: VANGUARD GROUP INC with ownership of 69,274,386, which is approximately 2.18% of the company’s market cap and around 0.28% of the total institutional ownership; BLACKROCK INC., holding 54,051,160 shares of the stock with an approximate value of $3.95 billion in D stocks shares; and STATE STREET CORP, currently with $2.96 billion in D stock with ownership of nearly 0.592% of the company’s market capitalization.
646 institutional holders increased their position in Dominion Energy Inc. [NYSE:D] by around 28,404,477 shares. Additionally, 644 investors decreased positions by around 25,348,206 shares, while 237 investors held positions by with 486,781,833 shares. The mentioned changes placed institutional holdings at 540,534,516 shares, according to the latest SEC report filing. D stock had 93 new institutional investments in for a total of 2,798,503 shares, while 97 institutional investors sold positions of 2,593,690 shares during the same period.