Dominion Energy Stock Beta
| D Stock | USD 51.14 0.69 1.37% |
Dominion Energy fundamentals help investors to digest information that contributes to Dominion Energy's financial success or failures. It also enables traders to predict the movement of Dominion Stock. The fundamental analysis module provides a way to measure Dominion Energy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dominion Energy stock.
Dominion | Beta |
Dominion Energy Company Beta Analysis
Dominion Energy's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Dominion Energy Beta | 0.61 |
Most of Dominion Energy's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Dominion Energy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Dominion Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Dominion Energy is extremely important. It helps to project a fair market value of Dominion Stock properly, considering its historical fundamentals such as Beta. Since Dominion Energy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Dominion Energy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Dominion Energy's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Dominion Energy has a Beta of 0.608. This is 35.11% higher than that of the Multi-Utilities sector and significantly higher than that of the Utilities industry. The beta for all United States stocks is notably lower than that of the firm.
Dominion Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dominion Energy's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Dominion Energy could also be used in its relative valuation, which is a method of valuing Dominion Energy by comparing valuation metrics of similar companies.Dominion Energy is currently under evaluation in beta category among related companies.
Dominion Energy ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Dominion Energy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Dominion Energy's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Dominion Energy Institutional Holders
Institutional Holdings refers to the ownership stake in Dominion Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dominion Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Dominion Energy's value.| Shares | Amvescap Plc. | 2023-12-31 | 12 M | Canada Pension Plan Investment Board | 2023-12-31 | 11.5 M | Fmr Inc | 2023-12-31 | 10.4 M | Franklin Resources Inc | 2023-12-31 | 10.2 M | Bank Of America Corp | 2023-12-31 | 9.8 M | Goldman Sachs Group Inc | 2023-12-31 | 9.6 M | Legal & General Group Plc | 2023-12-31 | 9.5 M | Northern Trust Corp | 2023-12-31 | 8.5 M | Nuveen Asset Management, Llc | 2023-12-31 | 8 M | Vanguard Group Inc | 2023-12-31 | 76.2 M | Blackrock Inc | 2023-12-31 | 59 M |
As returns on the market increase, Dominion Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dominion Energy is expected to be smaller as well.
Dominion Fundamentals
| Return On Equity | 0.0782 | ||||
| Return On Asset | 0.0239 | ||||
| Profit Margin | 0.14 % | ||||
| Operating Margin | 0.24 % | ||||
| Current Valuation | 88.97 B | ||||
| Shares Outstanding | 837.59 M | ||||
| Shares Owned By Insiders | 0.12 % | ||||
| Shares Owned By Institutions | 76.10 % | ||||
| Number Of Shares Shorted | 12.12 M | ||||
| Price To Earning | 28.56 X | ||||
| Price To Book | 1.59 X | ||||
| Price To Sales | 2.85 X | ||||
| Revenue | 13.69 B | ||||
| Gross Profit | 7.92 B | ||||
| EBITDA | 6.5 B | ||||
| Net Income | 2.16 B | ||||
| Cash And Equivalents | 153 M | ||||
| Cash Per Share | 0.26 X | ||||
| Total Debt | 44.91 B | ||||
| Debt To Equity | 1.56 % | ||||
| Current Ratio | 0.71 X | ||||
| Book Value Per Share | 30.72 X | ||||
| Cash Flow From Operations | 6.57 B | ||||
| Short Ratio | 2.25 X | ||||
| Earnings Per Share | 2.48 X | ||||
| Price To Earnings To Growth | 4.50 X | ||||
| Target Price | 49.51 | ||||
| Number Of Employees | 17.7 K | ||||
| Beta | 0.61 | ||||
| Market Capitalization | 42.26 B | ||||
| Total Asset | 109.03 B | ||||
| Retained Earnings | 3.52 B | ||||
| Working Capital | 911 M | ||||
| Current Asset | 4.19 B | ||||
| Current Liabilities | 8.12 B | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 4.18 % | ||||
| Net Asset | 109.03 B | ||||
| Last Dividend Paid | 2.67 |
About Dominion Energy Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dominion Energy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dominion Energy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dominion Energy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Dominion Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dominion Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dominion Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Dominion Stock
| 0.64 | ED | Consolidated Edison Financial Report 2nd of May 2024 | PairCorr |
| 0.86 | ES | Eversource Energy Earnings Call This Week | PairCorr |
| 0.72 | FE | FirstEnergy | PairCorr |
Moving against Dominion Stock
| 0.83 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
| 0.59 | EBR | Centrais Electricas Financial Report 2nd of May 2024 | PairCorr |
| 0.47 | CMS-PC | CMS Energy | PairCorr |
| 0.42 | EDN | Empresa Distribuidora Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Dominion Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dominion Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dominion Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dominion Energy to buy it.
The correlation of Dominion Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dominion Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dominion Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dominion Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Dominion Energy Piotroski F Score and Dominion Energy Altman Z Score analysis. For information on how to trade Dominion Stock refer to our How to Trade Dominion Stock guide.Note that the Dominion Energy information on this page should be used as a complementary analysis to other Dominion Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Dominion Stock analysis
When running Dominion Energy's price analysis, check to measure Dominion Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dominion Energy is operating at the current time. Most of Dominion Energy's value examination focuses on studying past and present price action to predict the probability of Dominion Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dominion Energy's price. Additionally, you may evaluate how the addition of Dominion Energy to your portfolios can decrease your overall portfolio volatility.
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Is Dominion Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dominion Energy. If investors know Dominion will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dominion Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Dividend Share 2.67 | Earnings Share 2.48 | Revenue Per Share 17.208 | Quarterly Revenue Growth (0.07) |
The market value of Dominion Energy is measured differently than its book value, which is the value of Dominion that is recorded on the company's balance sheet. Investors also form their own opinion of Dominion Energy's value that differs from its market value or its book value, called intrinsic value, which is Dominion Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dominion Energy's market value can be influenced by many factors that don't directly affect Dominion Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dominion Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dominion Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dominion Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.