Dominion Energy Surges 1.6% Today - Is There Still Upside?

Dominion Energy stock is trading -11.98% below its average target price of $59.77 after marking a 1.6% during today's afternoon session. Analysts are giving the large-cap Electric Utilities company an average rating of hold and target prices ranging from $52.0 to $71.0 per share.

The stock has a very low short interest at 0.6%, and a short ratio of 1.22. The company's insiders own 0.14% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 71.1% of Dominion Energy's shares being owned by this investor type.

Institutions Invested in Dominion Energy

Date Reported Holder Percentage Shares Value
2023-03-31 Vanguard Group, Inc. (The) 9% 75,783,085 $3,986,948,148
2023-03-31 Blackrock Inc. 7% 60,976,169 $3,207,956,288
2023-03-31 State Street Corporation 6% 47,906,953 $2,520,384,826
2023-03-31 Massachusetts Financial Services Co. 3% 24,542,485 $1,291,180,150
2023-03-31 Price (T.Rowe) Associates Inc 2% 18,590,385 $978,040,166
2023-03-31 JP Morgan Chase & Company 2% 17,980,124 $945,934,334
2023-03-31 Invesco Ltd. 2% 17,315,281 $910,956,943
2023-03-31 FMR, LLC 2% 17,241,957 $907,099,368
2023-03-31 Franklin Resources, Inc. 2% 15,231,191 $801,312,967
2023-03-31 Dodge & Cox Inc 2% 14,825,633 $779,976,561

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Dominion Energy.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.