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

Dominion Energy, Inc. (NYSE:D) saw unusually large options trading activity on Friday. Traders purchased 13,475 call options on the company. This is an increase of 479% compared to the average daily volume of 2,329 call options.

Wall Street Analyst Weigh In

A number of brokerages have commented on D. Barclays upped their target price on shares of Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Scotiabank upped their target price on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. BMO Capital Markets upped their target price on shares of Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Jefferies Financial Group initiated coverage on shares of Dominion Energy in a research note on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.40.

Dominion Energy Stock Up 0.7 %

Shares of NYSE D traded up $0.43 during trading hours on Friday, hitting $59.96. 4,673,421 shares of the stock were exchanged, compared to its average volume of 4,381,961. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a market cap of $50.30 billion, a PE ratio of 32.40, a PEG ratio of 1.56 and a beta of 0.60. The firm has a fifty day moving average price of $57.82 and a 200-day moving average price of $53.98. Dominion Energy has a 12 month low of $40.44 and a 12 month high of $61.97.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.73 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, sell-side analysts expect that Dominion Energy will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.45%. Dominion Energy’s dividend payout ratio (DPR) is presently 140.53%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in D. Sumitomo Mitsui Trust Holdings Inc. grew its position in Dominion Energy by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,065,766 shares of the utilities provider’s stock valued at $101,615,000 after buying an additional 14,456 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Dominion Energy by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 90,781 shares of the utilities provider’s stock valued at $4,465,000 after acquiring an additional 435 shares during the last quarter. Norden Group LLC acquired a new position in shares of Dominion Energy during the 1st quarter valued at about $1,463,000. First Trust Direct Indexing L.P. increased its stake in shares of Dominion Energy by 30.1% during the 1st quarter. First Trust Direct Indexing L.P. now owns 25,131 shares of the utilities provider’s stock valued at $1,236,000 after acquiring an additional 5,812 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Dominion Energy by 7.5% during the 1st quarter. J.W. Cole Advisors Inc. now owns 14,435 shares of the utilities provider’s stock valued at $710,000 after acquiring an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 73.04% of the company’s stock.

About Dominion Energy

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.