On December 03, 2019, Dominion Energy, Inc. (NYSE:D) shares lost -0.07% or -0.06 points to close at $81.94 with a heavy trading volume of 4.843 million shares. It opened the trading session at $82.22, the shares rose to $82.58 and dropped to $81.51, the range by which the price of stock traded the whole day. The company now has a market cap of $67.4 billion and currently has 822.8 million outstanding shares. Dominion Energy, Inc. (D) stock has plunged -1.6 percent of market value in 21 trading days.
D stock’s trailing 3-year beta is 0.21, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $1.45 share in the trailing 52 weeks. The stock’s value surged 14.67 percent year to date (YTD) compared to a rise of 9.99 percent in 52 week’s period. The firm’s shares are still trading -2.37 percent below its 1-year high of $83.93 and 21.55 percent up from 52-week low of $67.41. The average consensus ranking on the company is 2.5, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Dominion Energy, Inc. (D) is most likely going to rise 3.37 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $96-month high price target. This represents a whopping 17.16 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $85.5, which means a return possibility of 4.34 percent in comparison with the closing price of the stock of $81.94 on December 03. The lowest price set for the stock is $79 — just above -3.59 percent from D share price now.
Past records have indicated that shares in Dominion Energy, Inc. declined on 22 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of D’s Q4 earnings on January 31. Analysts are predicting revenue to climb 53 percent to $5.14B in the financial fourth quarter, while EPS will soar by about 28.09 percent to $1.14 per share. In the last quarter, it earnings of $1.18 per share came better than the $1.11429, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $4.27B, missing the $4.51B analysts had expected. Earnings are seen to rise by 12.7 percent this year, 4.26 percent in the coming year and the trend continues by 4.41 percent every year in the next 5 years.
Let’s take a glimpse at some insider activity at Dominion Energy, Inc. (NYSE:D) and observe the pattern. The earliest insider trade happened on 11/06/2019. Leopold Diane parted with a total of 12.95 thousand shares of the firm at average share price of $82.32. The total amount for the sale was set at $1.07 million. On completing this exchange, the EVP & CEO Gas Infrastructure account balance was 83.2 thousand shares. The stock lost -0.39 percent from that insider sale. On 09/13/2019, SZYMANCZYK MICHAEL E, Director, did a purchase of 21.4 thousand shares at a price of $78.85 per share. This increased 1.69 million shares to the insider’s fortune and the stock experienced a 3.99 percent rally in price since the news became public. This exchange saw 75.3 thousand shares get into the Director account.
On 03/13/2019, Director BENNETT JAMES A recorded a purchase transaction valued at $500.03 thousand. The purchase at $76.34 a share has added 6.55 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed 7.41 percent increase since the transaction reporting date. The company insider is left with 9.74 thousand shares remaining in the account. HAGOOD D MAYBANK, who works as Director at the company, performed a purchase of 1.97 thousand shares in a transaction worth $150.01 thousand. The acquisition recorded on 03/13/2019 was priced at $76.34 per share. The stock price soared 7.41 percent since the transaction. HAGOOD D MAYBANK currently holds a stake of 3.51 thousand in D stock which is worth $288.02 thousand after the insider buying.
The stock is lingering around the initial support level of $81.44. After this, the following support is at the zone of $80.94. Up until the time the D stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 47.74 on the daily chart, and this may be a cause for concern. In case the price goes below $80.94 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $82.51 level may cause a pull-back move approaching $83.08 mark.
Dominion Energy, Inc. (D) shares are trading at a P/E ratio of 60.3 times earnings posted in the trailing 12 months. The industry D deals with has an average P/E of 23.9. Its P/B ratio is standing at 2.4X compared to the 2.1 industry average. It is additionally sporting a 4.1 on the Price-to-Sales ratio, compared to the industry’s P/S average of 2.2. Dominion Energy, Inc. has a 99.3% gross profit margin, with its operating margin around 13.7%. Alongside this, the company’s net profit margin currently stands at 6.4%.