Let’s reassess the active stocks with an eye toward D stock. Just how should we respond to Tuesday’s drubbing? Is the mighty fruit now destined to decay? Or is this a mere bruising and nothing more? On 12 February, shares of Dominion Energy, Inc. (NYSE:D) closed higher after a volatile session. The shares accumulated 0.39 points or 0.54 percent at $73.2 with a light trade volume of 3.931 million shares. After opening the session at $72.95, the shares went as high as $73.5939 and as low as $72.4, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $56.6 billion and now has 772.48 million shares outstanding. Dominion Energy, Inc. (D) stock has gained 4.8 percent of market value in 21 trading days.
D stock has a trailing 3-year beta of 0.2, 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 $3.74 a share in the trailing twelve months. The stock’s value has surged 2.43 percent year to date (YTD) against a decline of -1.59 percent in 12 month’s time. The company’s shares still trade -5.17 percent away from its 1-year high of $77.19 and 18.97 percent up from 52-week low of $61.53. The average consensus rating on the company is 2.7, 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 0.7 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $82 price as 12-month high target. This represents a whopping 12.02 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $73.5, which represents a return potential of 0.41 percent when compared to the closing price of the stock of $73.2 on Tuesday, February 12. The lowest price target for the stock is $67 — slightly more than -8.47 percent from D’s current share price.
History has shown that shares in Dominion Energy, Inc. have gone down on 20 different earnings reaction days and are predicted to add 0.01 percent when the company reports upcoming earnings.
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 02/05/2019. Leopold Diane parted with a total of 2.5 thousand shares of company at average share price of $71.31. The total for the sales was set at $178.28 thousand. After this transaction, the EVP & CEO Gas Infrastructure account balance stood at 81.22 thousand shares. The stock grew 2.65 percent since that insider sale. On 12/19/2018, Chapman James R., SVP, CFO & Treasurer, purchased 4.05 thousand shares at a price per share of $74.02. This added 300 thousand shares to the insider’s fortune and the stock saw a -1.11 percent retreat in value since the news became public. This transaction left 22.26 thousand shares in the SVP, CFO & Treasurer account.
On 08/28/2018, Director Harris John W performed a purchase transaction worth $711.5 thousand. This purchase at $71.15 each has added 10 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 2.88 percent increase since the transaction was reported. The insider now is left with 64.73 thousand shares remaining in the account. Farrell Thomas F Ii, who performs the President and CEO job, bought 4 thousand shares for $253.76 thousand. The acquisition occurred on 05/10/2018 was priced at $63.44 per share. The share price soared 15.38 percent since the reporting date. Farrell Thomas F Ii now left with a stake of 1.05 million D stock worth $76.53 million after the insider buying.
The stock is currently hovering around the first support level of $72.54. Below this, the next support is placed in the zone of $71.87. Till the time, the D stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 60.88 on daily chart, which may remain a cause for concern. If the price breaks below $71.87 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $73.73 mark may result into a pull-back move towards $74.25 level.
Shares of Dominion Energy, Inc. (D) are trading at a P/E ratio of 19.5 times earnings reported for the past 12 months. The industry D operates in has an average P/E of 16.35. Its P/E ratio went as low as 19.13X and as high as 34.31 over the 5-year span.Further, it is sporting a 4.23 on the Price-to-Sales ratio. Compare this with the industry average P/S of 3.27. 97.3 percent is the gross profit margin for Dominion Energy, Inc. and operating margin sits at 28.2 percent. Along with this, the net profit margin is 21.9 percent.