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

Dominion Energy Inc. (NYSE:D) was the target of unusually large options trading on Thursday. Traders bought 2,786 put options on the company. This represents an increase of 1,890% compared to the typical daily volume of 140 put options.

In other news, Director John W. Harris sold 5,616 shares of Dominion Energy stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $80.71, for a total value of $453,267.36. Following the transaction, the director now directly owns 18,920 shares in the company, valued at $1,527,033.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Dominion Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,796,520 shares of the utilities provider’s stock worth $3,432,756,000 after acquiring an additional 1,194,152 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in shares of Dominion Energy by 5.4% in the 2nd quarter. Federated Investors Inc. PA now owns 8,967,983 shares of the utilities provider’s stock worth $687,216,000 after acquiring an additional 461,484 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Dominion Energy by 4.0% in the 3rd quarter. Wells Fargo & Company MN now owns 6,355,070 shares of the utilities provider’s stock worth $488,896,000 after acquiring an additional 244,870 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Dominion Energy by 6.0% in the 3rd quarter. Legal & General Group Plc now owns 4,475,084 shares of the utilities provider’s stock worth $344,260,000 after acquiring an additional 253,699 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its holdings in shares of Dominion Energy by 0.9% in the 3rd quarter. Commonwealth Bank of Australia now owns 4,247,763 shares of the utilities provider’s stock worth $325,607,000 after acquiring an additional 36,643 shares in the last quarter. 64.60% of the stock is currently owned by institutional investors.

Shares of Dominion Energy (NYSE D) opened at $76.84 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.29 and a current ratio of 0.47. The firm has a market capitalization of $49,450.00, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 3.38 and a beta of 0.30. Dominion Energy has a 1-year low of $70.87 and a 1-year high of $85.30.

Dominion Energy (NYSE:D) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.02. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.31 billion. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. equities research analysts predict that Dominion Energy will post 3.6 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Friday, December 1st were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.01%. This is an increase from Dominion Energy’s previous quarterly dividend of $0.76. The ex-dividend date was Thursday, November 30th. Dominion Energy’s payout ratio is presently 90.86%.

D has been the topic of a number of recent research reports. Bank of America raised Dominion Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 22nd. Zacks Investment Research raised Dominion Energy from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Tuesday, October 3rd. Morgan Stanley lifted their target price on Dominion Energy from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. KeyCorp reissued a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Finally, Gabelli reissued a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $82.20.

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About Dominion Energy

Dominion Energy, Inc, formerly Dominion Resources, Inc, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. It operates through three segments: Dominion Virginia Power operating segment (DVP), Dominion Generation, Dominion Energy, and Corporate and Other.

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