Based on the provided data and current market conditions, here's a comprehensive analysis of Dominion Energy (D):
Technical Analysis
The stock is showing mixed technical signals:
- RSI-14 at 62.80 indicates neutral momentum but approaching overbought territory
- MACD is positive (0.48) with bullish divergence (MACD histogram 0.18)
- Stochastic RSI (76.85) suggests slightly overbought conditions
- Price is trading above all major moving averages (5,10,20,60,200-day SMAs), indicating overall bullish trend
- Currently trading near the upper Bollinger Band (BBP 0.86), suggesting potential resistance ahead
Fundamental Analysis
Key valuation metrics from 2022:
- P/E: 151.43x (significantly high)
- EV/EBITDA: 14.77x
- P/S: 3.63x
- P/B: 1.98x
- Dividend Yield: 4.35%
Business Segments
The company's revenue distribution shows:
- Dominion Energy Virginia: 69.29%
- Dominion Energy South Carolina: 23.84%
- Contracted Energy: 6.34%
- Corporate & Other: 0.52%
Recent Developments
According to recent news, utilities including Dominion Energy are planning substantial capital spending increases to accommodate higher power demand, particularly driven by AI infrastructure needs requiring 10-15% more electricity production. However, potential tariffs could impact transformer supplies and increase costs by 8-9%.
Current Trading Status
Pre-market price: $57.66 (+0.40%)
Fibonacci levels suggest:
- Resistance: R1 at $57.17, R2 at $58.02
- Support: S1 at $54.41, S2 at $53.56
Recommendation
HOLD. While Dominion Energy benefits from growing electricity demand and has a stable dividend yield, current valuation metrics appear stretched. The stock is showing some technical strength but is approaching overbought levels. Consider waiting for a pullback to support levels around $54.41 for new positions.