Stock Traders Buy Large Volume of Call Options on Dominion Energy (NYSE:D)

Dominion Energy, Inc. (NYSE:D) saw unusually large options trading activity on Wednesday. Traders bought 33,996 call options on the company. This is an increase of approximately 1,247% compared to the average volume of 2,524 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Family Firm Inc. purchased a new stake in Dominion Energy during the second quarter valued at about $27,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Dominion Energy during the third quarter valued at about $28,000. LRI Investments LLC purchased a new stake in Dominion Energy during the first quarter valued at about $30,000. Frazier Financial Advisors LLC purchased a new stake in Dominion Energy during the third quarter valued at about $32,000. Finally, Triad Wealth Partners LLC purchased a new stake in Dominion Energy during the second quarter valued at about $33,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 1.0 %

D opened at $59.71 on Thursday. The company has a fifty day moving average price of $58.13 and a 200-day moving average price of $54.96. The firm has a market capitalization of $50.16 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. Dominion Energy has a one year low of $43.53 and a one year high of $61.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The firm had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 16.95% and a return on equity of 8.35%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. Equities research analysts expect that Dominion Energy will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be given a $0.6675 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.67 annualized dividend and a yield of 4.47%. Dominion Energy’s dividend payout ratio (DPR) is presently 93.68%.

Wall Street Analyst Weigh In

A number of research firms recently commented on D. Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price target on the stock. BMO Capital Markets lifted their price target on shares of Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank boosted 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Dominion Energy has a consensus rating of “Hold” and a consensus target price of $55.91.

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.