Investors Purchase High Volume of Call Options on Dominion Energy (NYSE:D)

Dominion Energy, Inc. (NYSE:D) saw unusually large options trading activity on Tuesday. Investors bought 10,247 call options on the stock. This is an increase of 243% compared to the average volume of 2,985 call options.

Analyst Ratings Changes

D has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Scotiabank raised their target price on Dominion Energy from $58.00 to $61.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley began coverage on Dominion Energy in a research report on Monday, December 2nd. They set an “equal weight” rating and a $61.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dominion Energy presently has a consensus rating of “Hold” and a consensus price target of $57.00.

Dominion Energy Trading Down 0.3 %

D opened at $54.15 on Thursday. 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 fifty-two week low of $46.43 and a fifty-two week high of $61.97. The company’s 50 day moving average price is $55.03 and its two-hundred day moving average price is $56.43. The firm has a market capitalization of $46.14 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.22 and a beta of 0.58.

Dominion Energy (NYSE:D) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share for the quarter, beating 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%. As a group, research analysts predict that Dominion Energy will post 3.39 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.93%. Dominion Energy’s dividend payout ratio (DPR) is currently 98.89%.

Institutional Investors Weigh In On Dominion Energy

A number of institutional investors have recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in Dominion Energy during the fourth quarter valued at $27,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Dominion Energy in the 4th quarter valued at about $16,214,000. LifeWealth Investments LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at about $270,000. Hall Capital Management Co. Inc. acquired a new stake in Dominion Energy during the fourth quarter worth approximately $450,000. Finally, GF Fund Management CO. LTD. bought a new stake in Dominion Energy in the fourth quarter worth approximately $6,149,000. 73.04% of the stock is 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.