This morning we watched Dominion Energy drop -5.6% to a price of $45.15 per share. The Large-Cap Electric Utilities company is now trading -9.45% below its average target price of $49.86. Analysts have set target prices ranging from $40.0 to $61.0 per share for Dominion Energy, and have given the stock an average rating of hold.
Dominion Energy's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.4%. The stock's short ratio is 2.67. The company's insiders own 0.13% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 74.5%. In conclusion, we believe there is mixed market sentiment regarding Dominion Energy.
Institutions Invested in Dominion Energy
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 9% | 76,176,492 | $3,439,368,730 |
| 2023-12-31 | Blackrock Inc. | 7% | 58,954,871 | $2,661,812,515 |
| 2023-12-31 | State Street Corporation | 6% | 47,786,569 | $2,157,563,663 |
| 2023-12-31 | Massachusetts Financial Services Co. | 3% | 27,146,826 | $1,225,679,235 |
| 2023-12-31 | Dodge & Cox Inc | 3% | 22,800,383 | $1,029,437,327 |
| 2023-12-31 | Price (T.Rowe) Associates Inc | 3% | 21,693,186 | $979,447,381 |
| 2023-12-31 | Wellington Management Group, LLP | 2% | 18,493,273 | $834,971,304 |
| 2023-12-31 | Capital Research Global Investors | 2% | 17,970,856 | $811,384,175 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 15,745,328 | $710,901,583 |
| 2023-12-31 | Bank Of New York Mellon Corporation | 2% | 14,731,038 | $665,106,388 |
