Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Dominion Energy Inc (NYSE: D) weakened of late. D’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Dominion Energy Inc (NYSE: D) stock rose modestly by 0.4% on 4/8/24. The stock closed at $48.78. However, trading volume in this advance was exceptionally low at 44% of normal. The stock has performed in line with the market over the last nine months and has declined -0.8% during the last week.
Current PriceTarget Research Rating
D is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Dominion Energy has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Dominion Energy has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 31, with the Negative Value Trend Rating the result.
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