Dominion Energy Inc. [D] Stock trading around $83.02 per share: What’s Next?


Dominion Energy Inc. [NYSE: D] surged by $1.06 during the normal trading session on Wednesday and reaching a high of $84.27 during the day while it closed the day at $83.02. The company report on May 5, 2022 that Dominion Energy Announces First-Quarter 2022 Earnings.

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First-quarter 2022 GAAP net income of $0.83 per share; operating earnings of $1.18 per share.

Company initiates second quarter 2022 operating earnings guidance of $0.70 to $0.80 per share.

Dominion Energy Inc. stock has also gained 0.62% of its value over the past 7 days. However, D stock has inclined by 3.36% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.32% and gained 5.68% year-on date.

The market cap for D stock reached $66.52 billion, with 809.90 million shares outstanding and 809.55 million shares in the current float. Compared to the average trading volume of 3.33M shares, D reached a trading volume of 4530282 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 $90.06 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.

Barclays have made an estimate for Dominion Energy Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 25, 2022. The new note on the price target was released on January 13, 2022, representing the official price target for Dominion Energy Inc. stock. Previously, the target price had yet another raise from $81 to $98, while UBS kept a Buy rating on D stock.

The Average True Range (ATR) for Dominion Energy Inc. is set at 2.02, with the Price to Sales ratio for D stock in the period of the last 12 months amounting to 4.76. The Price to Book ratio for the last quarter was 2.63, with the Price to Cash per share for the same quarter was set at 0.35.

D stock trade performance evaluation

Dominion Energy Inc. [D] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.62. With this latest performance, D shares dropped by -5.14% in over the last four-week period, additionally plugging by 11.32% over the last 6 months – not to mention a rise of 7.62% 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 46.34, with the RSI for the last a single of trading hit 46.12, and the three-weeks RSI is set at 47.94 for Dominion Energy Inc. [D]. The present Moving Average for the last 50 days of trading for this stock 83.86, while it was recorded at 83.16 for the last single week of trading, and 78.49 for the last 200 days.

Dominion Energy Inc. [D]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Dominion Energy Inc. [D] shares currently have an operating margin of +24.02 and a Gross Margin at +57.05. Dominion Energy Inc.’s Net Margin is presently recorded at +18.96.

Return on Equity for this stock inclined to 9.62, with Return on Assets sitting at 2.71.

Dominion Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

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 6.37%.

Dominion Energy Inc. [D]: Insider Ownership positions

There are presently around $46,080 million, or 69.90% of D stock, in the hands of institutional investors. The top three institutional holders of D stocks are: VANGUARD GROUP INC with ownership of 69,775,679, which is approximately 0.168% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 55,640,019 shares of the stock with an approximate value of $4.56 billion in D stocks shares; and STATE STREET CORP, currently with $3.5 billion in D stock with ownership of nearly 1.169% 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 743 institutional holders increased their position in Dominion Energy Inc. [NYSE:D] by around 32,032,800 shares. Additionally, 630 investors decreased positions by around 23,017,139 shares, while 236 investors held positions by with 507,179,048 shares. The mentioned changes placed institutional holdings at 562,228,987 shares, according to the latest SEC report filing. D stock had 169 new institutional investments in for a total of 2,179,053 shares, while 78 institutional investors sold positions of 3,682,729 shares during the same period.