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

Dominion Energy, Inc. (NYSE:D) saw unusually large options trading on Tuesday. Investors bought 6,034 put options on the company. This is an increase of 113% compared to the average volume of 2,828 put options.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on D shares. JPMorgan Chase & Co. raised their price target on Dominion Energy from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Scotiabank increased their price objective on shares of Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Morgan Stanley raised their target price on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Twelve equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $57.58.

Institutional Trading of Dominion Energy

A number of institutional investors have recently added to or reduced their stakes in D. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Dominion Energy by 450.0% during the 4th 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 during the last quarter. Cape Investment Advisory Inc. raised its position in shares of Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 300 shares during the period. BankPlus Trust Department bought a new stake in shares of Dominion Energy during the 4th quarter worth $26,000. Roble Belko & Company Inc acquired a new position in Dominion Energy in the 4th quarter valued at $27,000. Finally, Fairway Wealth LLC bought a new stake in Dominion Energy during the fourth quarter valued at about $27,000. 73.04% of the stock is currently owned by institutional investors and hedge funds.

Dominion Energy Trading Down 2.8 %

Shares of Dominion Energy stock traded down $1.54 during mid-day trading on Tuesday, hitting $52.79. 2,512,456 shares of the stock were exchanged, compared to its average volume of 4,055,680. The stock has a market capitalization of $44.98 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.22 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of $55.21 and a 200 day simple moving average of $56.27. Dominion Energy has a twelve month low of $46.56 and a twelve month high of $61.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Research analysts forecast that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were issued a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a yield of 5.06%. Dominion Energy’s dividend payout ratio is currently 98.89%.

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.