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

Dominion Energy, Inc. (NYSE:D) was the target of unusually large options trading activity on Tuesday. Traders acquired 6,034 put options on the company. This is an increase of 113% compared to the average daily volume of 2,828 put options.

Dominion Energy Price Performance

NYSE:D traded down $1.54 during mid-day trading on Tuesday, reaching $52.79. 2,512,456 shares of the company were exchanged, compared to its average volume of 4,055,680. The stock has a market cap of $44.98 billion, a PE ratio of 19.54, a PEG ratio of 1.22 and a beta of 0.59. The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 1.42. The company has a fifty day moving average of $55.21 and a 200 day moving average of $56.27. Dominion Energy has a 12 month low of $46.56 and a 12 month high of $61.97.

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

Dominion Energy Dividend Announcement

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

Wall Street Analyst Weigh In

D has been the subject of several analyst reports. UBS Group boosted their target price on shares of Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday. Scotiabank raised their target price on shares of Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley raised their price objective on Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upped their price target on Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, March 11th. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $57.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Howard Capital Management Group LLC bought a new stake in shares of Dominion Energy in the 3rd quarter valued at $210,000. Meridian Wealth Management LLC raised its position in shares of Dominion Energy by 14.5% during the third quarter. Meridian Wealth Management LLC now owns 6,173 shares of the utilities provider’s stock worth $357,000 after purchasing an additional 784 shares during the period. Great Valley Advisor Group Inc. bought a new position in shares of Dominion Energy during the 3rd quarter valued at about $266,000. Cerity Partners LLC grew its position in shares of Dominion Energy by 1.6% in the 3rd quarter. Cerity Partners LLC now owns 262,249 shares of the utilities provider’s stock valued at $15,155,000 after purchasing an additional 4,035 shares during the period. Finally, Larson Financial Group LLC raised its holdings in Dominion Energy by 282.4% during the 3rd quarter. Larson Financial Group LLC now owns 608 shares of the utilities provider’s stock worth $35,000 after buying an additional 449 shares during the period. 73.04% of the stock is currently owned by institutional investors.

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.