Dominion Energy (NYSE:D) has seen various interesting developments recently. Significant short interest decline and crossing above 200 DMA suggests bullish sentiment floating.
R Squared Ltd acquired new shares while
Pacer Advisors Inc., Nilsine Partners LLC, Smith Group Asset Management LLC and
Exchange Traded Concepts LLC increased their holdings in Dominion, indicating institutional interest in the company. Negative aspects include a
loss of 18% for investors who invested five years ago, and potential for ignoring its recent US$1.8b market cap decline as longer-term profits stay in the green. However, Dominion has a promising underlying earnings growth over five years. The company has announced a quarterly dividend of $0.6675 and achieved accomplishments such as closing the sale of Western Natural Gas Distribution Assets Questar Gas, Wexpro, and completing a unique renewable natural gas project in Utah. Looking forward, the company plans Q4 2024 earnings call, highlighting clean energy leadership and expecting earnings growth in the next report. Dominion has also recently redeemed the Series B preferred stock and has a strong institutional backing of 78% ownership. Lastly, the upcoming retirement of Diane Leopold, Dominion's COO, ends her 30-year tenure, indicating executive transition.
Dominion Energy D News Analytics from Mon, 08 Jul 2024 07:00:00 GMT to Fri, 31 Jan 2025 22:54:50 GMT -
Rating 4
- Innovation 2
- Information 7
- Rumor 1
