Morgan Stanley has recently resumed Dominion Energy Inc (D) stock rating, as announced on December 2, 2024, according to Finviz. Earlier, on November 8, 2024, Goldman had resumed the stock to Neutral, setting a price target of $61. Jefferies also initiated Hold rating with a price target of $58. Additionally, BofA Securities raised Neutral rating on May 10, 2024, with a target price of $54. BMO Capital Markets analysts, in their report published on March 11, 2024, also reduced Market Perform rating and set a price target of $49 for Dominion Energy Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Dominion Energy Inc (D) Stock Trading Recap
On Tuesday, Dominion Energy Inc (D) stock saw a modest uptick, ending the day at $53.69 which represents a slight increase of $0.23 or 0.43% from the prior close of $53.46. The stock opened at $53.57 and touched a low of $53.3 during the day, reaching a high of $53.93. The volume of shares traded was 4.61 million exceeding the average volume of 4.50 million.
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D Stock Performance and Moving Averages
In recent trading, Dominion Energy Inc (D) stock price has shown some volatility, fluctuating 0.06% over the last five trades and -1.07% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 5.21%, and it has plunged by -4.50% in the previous three months. Currently, D is trading at -0.13%, -3.95%, and -0.93% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, D, a Utilities sector stock, is trading -13.36% below its 52-week high but remains 23.34% above its 52-week low. The Average True Range (ATR) (14 days) of 0.97 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Dominion Energy Inc’s Profitability and Valuation Ratios
Dominion Energy Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 26.13% and a profit margin of 16.64%, with a gross margin of 5.21%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Dominion Energy Inc’s market capitalization stands at $45.10 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 19.15, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 15.85. Additionally, the Price-to-Sales Ratio is 3.19, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.72, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.14% of Dominion Energy Inc (D)’s shares, while financial institutions hold 76.97%.
