For Dominion Energy Inc. [D], Analyst sees a drop to $64. What next?

Dominion Energy Inc. [NYSE: D] stock went on an upward path that rose over 2.69% on Tuesday, amounting to a one-week price increase of more than 3.59%. The company report on December 24, 2022 that Dominion Energy Encourages Customers to Conserve Energy.

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Extremely Cold Weather Causes High System Demand.

As the evening hours approach and temperatures drop to record lows, Dominion Energy encourages customers in Virginia and North Carolina to help reduce strain on the electric grid by conserving energy.

Over the last 12 months, D stock dropped by -19.84%. The one-year Dominion Energy Inc. stock forecast points to a potential upside of 13.24. The average equity rating for D stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $52.74 billion, with 832.60 million shares outstanding and 832.12 million shares in the current float. Compared to the average trading volume of 5.84M shares, D stock reached a trading volume of 6226081 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $72.58 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 2.40. 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.

Wells Fargo have made an estimate for Dominion Energy Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on December 07, 2022. The new note on the price target was released on November 17, 2022, representing the official price target for Dominion Energy Inc. stock. Previously, the target price had yet another drop from $72 to $69, while Goldman kept a Neutral rating on D stock. On November 09, 2022, analysts decreased their price target for D shares from 94 to 59.

The Average True Range (ATR) for Dominion Energy Inc. is set at 1.38, with the Price to Sales ratio for D stock in the period of the last 12 months amounting to 3.27. The Price to Book ratio for the last quarter was 1.96.

D Stock Performance Analysis:

Dominion Energy Inc. [D] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.59. With this latest performance, D shares gained by 4.31% in over the last four-week period, additionally sinking by -20.72% over the last 6 months – not to mention a drop of -19.84% 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 61.73, with the RSI for the last a single of trading hit 71.98, and the three-weeks RSI is set at 54.49 for Dominion Energy Inc. [D]. The present Moving Average for the last 50 days of trading for this stock 61.88, while it was recorded at 61.83 for the last single week of trading, and 75.69 for the last 200 days.

Insight into Dominion Energy Inc. 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 0.60 and a Current Ratio set at 0.70.

D Stock EPS

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 6.25%.

Dominion Energy Inc. [D] Insider Position Details

There are presently around $37,136 million, or 72.40% of D stock, in the hands of institutional investors. The top three institutional holders of D stocks are: VANGUARD GROUP INC with ownership of 73,953,046, which is approximately 3.888% of the company’s market cap and around 0.14% of the total institutional ownership; BLACKROCK INC., holding 58,954,665 shares of the stock with an approximate value of $3.71 billion in D stocks shares; and STATE STREET CORP, currently with $3.12 billion in D stock with ownership of nearly 3.893% of the company’s market capitalization.

Positions in Dominion Energy Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 712 institutional holders increased their position in Dominion Energy Inc. [NYSE:D] by around 35,727,482 shares. Additionally, 614 investors decreased positions by around 26,437,227 shares, while 251 investors held positions by with 527,575,418 shares. The mentioned changes placed institutional holdings at 589,740,127 shares, according to the latest SEC report filing. D stock had 81 new institutional investments in for a total of 2,456,069 shares, while 137 institutional investors sold positions of 2,546,176 shares during the same period.


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