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

Dominion Energy, Inc. (NYSE:D - Get Free Report) saw unusually large options trading activity on Tuesday. Stock traders purchased 10,247 call options on the stock. This is an increase of 243% compared to the typical daily volume of 2,985 call options.

Dominion Energy Stock Performance

Dominion Energy stock traded up $1.52 during mid-day trading on Friday, reaching $55.21. The company's stock had a trading volume of 6,523,532 shares, compared to its average volume of 4,824,560. Dominion Energy has a twelve month low of $46.56 and a twelve month high of $61.97. The firm has a market cap of $47.04 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.22 and a beta of 0.58. 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 business has a 50 day moving average price of $55.05 and a 200-day moving average price of $56.40.

Dominion Energy (NYSE:D - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. Dominion Energy had a net margin of 16.22% and a return on equity of 8.99%. Sell-side analysts predict that Dominion Energy will post 3.39 EPS for the current fiscal year.

Dominion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 28th 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 4.84%. The ex-dividend date of this dividend is Friday, February 28th. Dominion Energy's dividend payout ratio is currently 98.89%.

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Wall Street Analyst Weigh In

Several research analysts recently commented on D shares. Scotiabank raised their price target 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. The Goldman Sachs Group restated a "neutral" rating and issued a $61.00 price target on shares of Dominion Energy in a report on Friday, November 8th. Finally, Morgan Stanley started coverage on shares of Dominion Energy in a report on Monday, December 2nd. They issued an "equal weight" rating and a $61.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $57.00.

Institutional Investors Weigh In On Dominion Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cape Investment Advisory Inc. raised its position in Dominion Energy by 175.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 471 shares of the utilities provider's stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Dominion Energy by 450.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 462 shares of the utilities provider's stock worth $25,000 after acquiring an additional 378 shares in the last quarter. BankPlus Trust Department bought a new stake in Dominion Energy in the fourth quarter worth about $26,000. Roble Belko & Company Inc bought a new stake in Dominion Energy in the fourth quarter worth about $27,000. Finally, Fairway Wealth LLC bought a new stake in Dominion Energy in the fourth quarter worth about $27,000. 73.04% of the stock is currently owned by institutional investors.

About Dominion Energy

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.