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

Dominion Energy, Inc. (NYSE:D) was the recipient of some unusual options trading activity on Friday. Investors purchased 13,475 call options on the company. This is an increase of approximately 479% compared to the average volume of 2,329 call options.

Dominion Energy Trading Down 0.9 %

Shares of NYSE:D opened at $58.99 on Friday. Dominion Energy has a 12-month low of $40.44 and a 12-month high of $61.97. The company has a market cap of $49.49 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.58 and a beta of 0.59. The stock has a 50 day moving average of $57.87 and a 200 day moving average of $54.10. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 1.42.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $4.18 billion. Dominion Energy had a net margin of 11.63% and a return on equity of 7.69%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. As a group, equities research analysts expect that Dominion Energy will post 2.76 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.67 dividend on an annualized basis and a yield of 4.53%. Dominion Energy’s dividend payout ratio is presently 140.53%.

Hedge Funds Weigh In On Dominion Energy

A number of hedge funds have recently made changes to their positions in the business. Family Firm Inc. purchased a new position in Dominion Energy in the 2nd quarter worth approximately $27,000. LRI Investments LLC bought a new stake in shares of Dominion Energy during the first quarter valued at approximately $30,000. Triad Wealth Partners LLC purchased a new position in shares of Dominion Energy in the second quarter worth $33,000. Opal Wealth Advisors LLC bought a new position in shares of Dominion Energy during the second quarter worth $35,000. Finally, Kimelman & Baird LLC purchased a new position in Dominion Energy during the second quarter valued at $36,000. Institutional investors own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on D shares. Jefferies Financial Group assumed coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 target price on the stock. BMO Capital Markets lifted their price objective on Dominion Energy from $53.00 to $57.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Barclays increased their target price on Dominion Energy from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price target on Dominion Energy from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Scotiabank upped their price target on shares of Dominion Energy from $48.00 to $58.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.40.

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.