Stock Traders Buy Large Volume of Dominion Energy Put Options (NYSE:D)

Dominion Energy, Inc. (NYSE:D) was the target of some unusual options trading activity on Tuesday. Traders purchased 6,034 put options on the stock. This represents an increase of 113% compared to the average daily volume of 2,828 put options.

Analyst Ratings Changes

Several research firms recently issued reports on D. Scotiabank raised their price target on Dominion Energy from $58.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. UBS Group increased their price objective on Dominion Energy from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. lifted their target price on shares of Dominion Energy from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 11th. Morgan Stanley upped their price target on shares of Dominion Energy from $60.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, Argus raised shares of Dominion Energy to a “hold” rating in a report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $57.58.

Dominion Energy Trading Up 1.9 %

Shares of D opened at $53.84 on Thursday. Dominion Energy has a 1-year low of $46.62 and a 1-year high of $61.97. 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 firm’s 50-day moving average price is $55.19 and its 200-day moving average price is $56.22. The firm has a market capitalization of $45.87 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.22 and a beta of 0.59.

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 the consensus estimate of $0.54 by $0.04. Dominion Energy had a return on equity of 8.99% and a net margin of 16.22%. Sell-side analysts anticipate that Dominion Energy will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 28th were paid a $0.6675 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.67 annualized dividend and a yield of 4.96%. Dominion Energy’s payout ratio is 98.89%.

Hedge Funds Weigh In On Dominion Energy

Institutional investors have recently added to or reduced their stakes in the company. Simon Quick Advisors LLC increased its stake in shares of Dominion Energy by 4.5% during the fourth quarter. Simon Quick Advisors LLC now owns 4,250 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 184 shares in the last quarter. Cadence Bank increased its position in Dominion Energy by 2.0% during the 4th quarter. Cadence Bank now owns 9,561 shares of the utilities provider’s stock valued at $515,000 after buying an additional 189 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in Dominion Energy by 2.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 7,786 shares of the utilities provider’s stock valued at $450,000 after buying an additional 195 shares during the last quarter. Choate Investment Advisors boosted its holdings in Dominion Energy by 5.4% in the fourth quarter. Choate Investment Advisors now owns 3,880 shares of the utilities provider’s stock worth $209,000 after acquiring an additional 198 shares in the last quarter. Finally, Passumpsic Savings Bank grew its stake in shares of Dominion Energy by 2.7% in the third quarter. Passumpsic Savings Bank now owns 7,639 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 199 shares during the last quarter. Institutional investors own 73.04% of the company’s stock.

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.