Last Updated: 10 Nov 2024
Executive Summary
Dominion Energy Inc. (NYSE: D) is a leading American power and energy company with a market capitalization of $48.5 billion. The company has a strong financial position with an EBITDA of $7 billion and a profit margin of 17%. Dominion Energy's stock is currently trading at $57.79, below its 52-week high of $61.97. The company's fundamentals are solid, with a trailing PE ratio of 21.32 and a forward PE ratio of 17.04. Technical analysis suggests that the stock is in a consolidation phase, with a 50-day moving average of $58.01 and a 200-day moving average of $52.27. Analysts are generally positive on the stock, with 1 Strong Buy rating, 2 Buy ratings, and 15 Hold ratings.
Company Overview
Dominion Energy is an American power and energy company headquartered in Richmond, Virginia. The company supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. Dominion also has generation facilities in Indiana, Illinois, Connecticut, and Rhode Island.
Fundamental Analysis
Dominion Energy's financial performance has been solid in recent years. The company's revenue has grown by an average of 3.4% over the past five years, and its EPS has grown by an average of 5.8%. The company's profit margin has been relatively stable, averaging 17% over the past five years. Dominion Energy's balance sheet is also strong, with a debt-to-equity ratio of 0.59.
Technical Analysis
Dominion Energy's stock is currently trading in a consolidation phase. The stock has been trading between $52 and $62 for the past six months. The 50-day moving average is currently at $58.01, and the 200-day moving average is currently at $52.27. The stock's relative strength index (RSI) is currently at 52.37, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for Dominion Energy's stock is neutral. The stock is currently trading in a consolidation phase, and there is no clear indication of a breakout in either direction. The stock's RSI is currently at 52.37, which indicates that the stock is neither overbought nor oversold.
Long Term Outlook
The long-term outlook for Dominion Energy's stock is positive. The company's fundamentals are solid, and the company is well-positioned to benefit from the growing demand for electricity and natural gas. The company's dividend yield of 4.62% is also attractive to investors.
Analyst Recommendations
Analysts are generally positive on Dominion Energy's stock. The consensus recommendation is a Hold, with 1 Strong Buy rating, 2 Buy ratings, and 15 Hold ratings. The average analyst target price is $59.58, which represents a potential upside of 3.1% from the current price.
