Dominion Energy Target of Unusually High Options Trading (NYSE:D)

Dominion Energy, Inc. (NYSE:DGet Rating) was the recipient of unusually large options trading on Monday. Stock investors acquired 11,443 put options on the company. This represents an increase of 280% compared to the typical daily volume of 3,010 put options.

Institutional Investors Weigh In On Dominion Energy

Institutional investors have recently made changes to their positions in the company. Ellis Investment Partners LLC purchased a new position in Dominion Energy in the 1st quarter worth about $25,000. JNBA Financial Advisors raised its holdings in shares of Dominion Energy by 85.0% during the third quarter. JNBA Financial Advisors now owns 370 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 170 shares during the last quarter. Blume Capital Management Inc. bought a new position in Dominion Energy during the first quarter valued at approximately $27,000. Curi Wealth Management LLC boosted its holdings in Dominion Energy by 1,755.0% in the second quarter. Curi Wealth Management LLC now owns 371 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 351 shares during the last quarter. Finally, Syverson Strege & Co bought a new stake in Dominion Energy in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 69.75% of the company’s stock.

Dominion Energy Stock Performance

Dominion Energy stock opened at $60.25 on Wednesday. Dominion Energy has a twelve month low of $57.95 and a twelve month high of $88.78. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $50.20 billion, a P/E ratio of 21.60, a PEG ratio of 2.52 and a beta of 0.46. The stock’s 50 day moving average is $68.04 and its 200 day moving average is $76.56.

Dominion Energy (NYSE:DGet Rating) last released its earnings results on Friday, November 4th. The utilities provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.03. Dominion Energy had a return on equity of 12.84% and a net margin of 14.73%. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the firm posted $1.11 earnings per share. The company’s quarterly revenue was up 38.1% on a year-over-year basis. On average, equities research analysts predict that Dominion Energy will post 4.11 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $2.67 annualized dividend and a yield of 4.43%. Dominion Energy’s dividend payout ratio (DPR) is presently 95.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on D shares. Morgan Stanley boosted their target price on Dominion Energy from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Friday, November 11th. Credit Suisse Group lowered shares of Dominion Energy from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $76.00 to $69.00 in a report on Monday, November 7th. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Dominion Energy in a research note on Thursday, October 6th. Maxim Group assumed coverage on shares of Dominion Energy in a report on Friday, November 4th. They issued a “hold” rating for the company. Finally, BMO Capital Markets lifted their price objective on Dominion Energy from $72.00 to $76.00 and gave the company an “outperform” rating in a research report on Monday, November 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy currently has an average rating of “Hold” and an average target price of $75.08.

Dominion Energy Company Profile

(Get Rating)

Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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