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

Dominion Energy Inc. (NYSE:D) was the target of some unusual options trading on Friday. Investors bought 15,526 call options on the stock. This is an increase of 411% compared to the typical volume of 3,036 call options.

Dominion Energy Stock Down 0.1%

Shares of Dominion Energy stock traded down $0.06 during midday trading on Friday, hitting $71.63. The company’s stock had a trading volume of 2,000,545 shares, compared to its average volume of 6,146,729. Dominion Energy has a 1-year low of $55.85 and a 1-year high of $72.99. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $63.00 billion, a P/E ratio of 21.19 and a beta of 0.65. The stock has a 50-day simple moving average of $67.58 and a 200-day simple moving average of $63.92.

Dominion Energy (NYSE:D) last posted its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.Dominion Energy’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts expect that Dominion Energy will post 3.59 earnings per share for the current year.

Dominion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 20th. Shareholders of record on Friday, May 29th were paid a $0.6675 dividend. The ex-dividend date was Friday, May 29th. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Dominion Energy’s payout ratio is 78.99%.

Institutional Investors Weigh In On Dominion Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Motiv8 Investments LLC acquired a new stake in shares of Dominion Energy during the 4th quarter valued at about $25,000. Triumph Capital Management acquired a new position in Dominion Energy in the third quarter worth approximately $28,000. Beacon Financial Strategies CORP raised its position in Dominion Energy by 269.2% during the second quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 350 shares in the last quarter. Blueline Advisors LLC bought a new position in Dominion Energy during the fourth quarter valued at approximately $28,000. Finally, JPL Wealth Management LLC acquired a new stake in Dominion Energy in the third quarter valued at approximately $30,000. 73.04% of the stock is owned by hedge funds and other institutional investors.

Dominion Energy News Summary

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Dominion Energy and NextEra filed applications seeking approval for their proposed combination, reinforcing the possibility of a transformative merger that could expand Dominion’s scale and earnings power. Article Title
• Positive Sentiment: The merger plan includes $2.25 billion in customer bill credits and commitments to keep merger-related costs off customers, which may improve the odds of regulatory approval and support investor sentiment. Article Title
• Positive Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside in Dominion Energy shares, adding a momentum signal to the merger-driven rally. Article Title
• Neutral Sentiment: The transaction faces a formal review by regulators in Virginia, North Carolina, South Carolina and at the federal level, so the stock may remain volatile as approval risks and timing uncertainties stay in focus. Article Title

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on D shares. Weiss Ratings raised Dominion Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 22nd. Mizuho upped their price objective on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Wells Fargo & Company raised their target price on shares of Dominion Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $76.00 in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada boosted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $67.62.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.