Dominion Energy Sees Unusually Large Options Volume (NYSE:D)

Dominion Energy, Inc. (NYSE:D) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 10,247 call options on the company. This is an increase of 243% compared to the typical daily volume of 2,985 call options.

Institutional Trading of Dominion Energy

A number of large investors have recently made changes to their positions in the company. Cape Investment Advisory Inc. boosted its holdings in shares of Dominion Energy by 175.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 378 shares in the last quarter. BankPlus Trust Department purchased a new position in shares of Dominion Energy during the fourth quarter worth about $26,000. Roble Belko & Company Inc acquired a new stake in shares of Dominion Energy during the fourth quarter worth about $27,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Dominion Energy in the 4th quarter valued at about $27,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Trading Down 2.1 %

Shares of D traded down $1.22 during midday trading on Tuesday, hitting $55.65. 3,118,314 shares of the stock were exchanged, compared to its average volume of 4,694,465. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.58 and a current ratio of 0.74. The firm has a market cap of $47.42 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.22 and a beta of 0.58. Dominion Energy has a 52-week low of $45.99 and a 52-week high of $61.97. The stock has a fifty day simple moving average of $55.01 and a 200 day simple moving average of $56.46.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. On average, research analysts anticipate that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.80%. Dominion Energy’s dividend payout ratio (DPR) is 98.89%.

Wall Street Analyst Weigh In

D has been the subject of several research reports. Morgan Stanley assumed coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price target for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $61.00 price target on shares of Dominion Energy in a research note on Friday, November 8th. Finally, Scotiabank boosted their price objective on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Dominion Energy currently has an average rating of “Hold” and an average target price of $56.58.

Dominion Energy Company Profile

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.