Investors Buy Large Volume of Call Options on Dominion Energy (NYSE:D)

Dominion Energy, Inc. (NYSE:D) saw some unusual options trading on Wednesday. Traders bought 33,996 call options on the stock. This is an increase of 1,247% compared to the typical volume of 2,524 call options.

Institutional Trading of Dominion Energy

A number of institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its position in Dominion Energy by 22.8% in the third quarter. Oppenheimer & Co. Inc. now owns 69,343 shares of the utilities provider’s stock worth $4,007,000 after acquiring an additional 12,890 shares in the last quarter. Caprock Group LLC boosted its holdings in Dominion Energy by 133.0% in the second quarter. Caprock Group LLC now owns 9,679 shares of the utilities provider’s stock worth $474,000 after purchasing an additional 5,525 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Dominion Energy by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,164,929 shares of the utilities provider’s stock worth $298,481,000 after buying an additional 43,055 shares during the last quarter. Ascent Wealth Partners LLC bought a new position in Dominion Energy during the third quarter valued at about $1,223,000. Finally, Pathway Financial Advisers LLC lifted its position in shares of Dominion Energy by 351.8% in the third quarter. Pathway Financial Advisers LLC now owns 48,176 shares of the utilities provider’s stock worth $2,784,000 after buying an additional 37,514 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on D. The Goldman Sachs Group reiterated a “neutral” rating and issued a $61.00 price objective on shares of Dominion Energy in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on Dominion Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets raised their target price on Dominion Energy from $53.00 to $57.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Barclays increased their price target on Dominion Energy from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group began coverage on shares of Dominion Energy in a report on Friday, September 20th. They issued a “hold” rating and a $58.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $55.91.

Dominion Energy Stock Up 1.0 %

D stock opened at $59.70 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.74 and a quick ratio of 0.58. The firm has a market cap of $50.15 billion, a PE ratio of 20.95, a P/E/G ratio of 1.59 and a beta of 0.59. Dominion Energy has a 12 month low of $43.53 and a 12 month high of $61.97. The firm has a 50 day simple moving average of $58.18 and a 200 day simple moving average of $54.99.

Dominion Energy (NYSE:D) last announced its earnings results on Friday, November 1st. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. Dominion Energy had a return on equity of 8.35% and a net margin of 16.95%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. Dominion Energy’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts forecast that Dominion Energy will post 2.76 earnings per share for the current fiscal year.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Friday, November 29th. Dominion Energy’s dividend payout ratio (DPR) is currently 93.68%.

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.