After this evening's -1.7% drop to $47.18 per share, Dominion Energy might just keep moving past its target price of $49.29. With an average analyst rating of hold, and target prices from $41.0 to $61.0, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.3%, and a short ratio of 1.6. The company's insiders own 0.13% 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 74.5% of Dominion Energy's shares being owned by this investor type.
Institutions Invested in Dominion Energy
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 76,104,839 | $3,590,626,327 |
| 2023-09-30 | Blackrock Inc. | 7% | 59,109,180 | $2,788,771,130 |
| 2023-09-30 | State Street Corporation | 6% | 46,760,378 | $2,206,154,648 |
| 2023-09-30 | Massachusetts Financial Services Co. | 3% | 27,233,624 | $1,284,882,388 |
| 2023-09-30 | JP Morgan Chase & Company | 3% | 23,394,919 | $1,103,772,285 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 3% | 21,851,684 | $1,030,962,457 |
| 2023-09-30 | Invesco Ltd. | 2% | 16,534,281 | $780,087,382 |
| 2023-09-30 | Dodge & Cox Inc | 2% | 16,328,283 | $770,368,396 |
| 2023-09-30 | Wellington Management Group, LLP | 2% | 16,339,785 | $770,911,061 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 15,444,359 | $728,664,862 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Dominion Energy.
