Dominion Energy, Inc. (D) Insider Trading Is Uncovering Many Things

If you can handle volatility, Dominion Energy, Inc. (NYSE:D) is the stock to watch now. The stock closed higher on 07 November. The shares accumulated 0.51 points or 0.72 percent at $71.18 with a light trade volume of 2.779 million shares. After opening the session at $70.89, the shares went as high as $71.26 and as low as $70.43, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $46.8 billion and now has 657.88 million shares outstanding. Dominion Energy, Inc. (D) stock has lost -2.97 percent of market value in 21 trading days.

D stock has a trailing 3-year beta of 0.15, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $3.48 a share in the trailing twelve months. The stock’s value has fallen -12.19 percent year to date (YTD) against a decline of -12.54 percent in 12 month’s time. The company’s shares still trade -16.55 percent away from its 1-year high of $85.30 and 15.68 percent up from 52-week low of $61.53. The average consensus rating on the company is 2.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Dominion Energy, Inc. (D) will probably climb 3.96 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $84-month high price target. This represents a whopping 18.01 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $73, which represents a return potential of 2.56 percent when compared to the closing price of the stock of $71.18 on Wednesday, November 07. The lowest price target for the stock is $69 — slightly more than -3.06 percent from D’s current share price.

History has shown that shares in Dominion Energy, Inc. have gone down on 19 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings. Investors will get their next glimpse of D’s Q4 earnings on February 04. Analysts are forecasting revenue to climb 2.9 percent to $3.3B in the fiscal fourth quarter, while earnings are seen soaring by nearly 5.49 percent to $0.96 per share. It earned $1.15 per share, better than the $1.13, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $3.45B, better than the $3.38B analysts expected. Earnings are estimated to increase by -1.8 percent this year, 3.79 percent next year and continue to increase by 6.71 percent annually for the next 5 years.

Let’s take a look at some insider activity at Dominion Energy, Inc. (NYSE:D) and see the pattern. The earliest insider trade took place on 08/28/2018. Harris John W gathered a total of 10 thousand shares of company at average share price of $71.15. The total for the purchase was set at $711.5 thousand. After this transaction, the Director account balance stood at 64.73 thousand shares. The stock grew 0.04 percent since that insider purchase. On 05/10/2018, Farrell Thomas F Ii, President and CEO, purchased 4 thousand shares at a price per share of $63.44. This added 253.76 thousand shares to the insider’s fortune and the stock saw a 12.2 percent rally in value since the news became public. This transaction left 1.05 million shares in the President and CEO account.

On 02/28/2018, Director Rigby Joseph M performed a purchase transaction worth $199.99 thousand. This purchase at $74.65 each has added 2.68 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -4.65 percent decrease since the transaction was reported. The insider now is left with 5.76 thousand shares remaining in the account. Harris John W, who performs the Director job, sold 13.92 thousand shares for $1.11 million. The disposal occurred on 11/06/2017 was priced at $80.07 per share. The share price plunged -11.1 percent since the reporting date. Harris John W now left with a stake of 51.09 thousand D stock worth $3.64 million after the insider selling.

The stock is currently hovering around the first support level of $70.65. Below this, the next support is placed in the zone of $70.13. Till the time, the D stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 47.09 on daily chart, which may remain a cause for concern. If the price breaks below $70.13 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $71.48 mark may result into a pull-back move towards $71.79 level.

Shares of Dominion Energy, Inc. (D) are trading at a P/E ratio of 22.21 times earnings reported for the past 12 months. The industry D operates in has an average P/E of 13.24. Its P/E ratio went as low as 20.83X and as high as 34.31 over the 5-year span.Further, it is sporting a 3.54 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.25. 99.2 percent is the gross profit margin for Dominion Energy, Inc. and operating margin sits at 29 percent. Along with this, the net profit margin is 21.7 percent.