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

Dominion Energy, Inc. (NYSE:DGet Rating) was the recipient of some unusual options trading on Monday. Investors purchased 11,443 put options on the company. This is an increase of 280% compared to the average daily volume of 3,010 put options.

Wall Street Analyst Weigh In

A number of analysts have weighed in on D shares. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Dominion Energy in a research report on Thursday, October 6th. TheStreet cut Dominion Energy from a “b-” rating to a “c+” rating in a report on Thursday, October 6th. Wells Fargo & Company reduced their price target on Dominion Energy from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 19th. Guggenheim reduced their price target on Dominion Energy from $90.00 to $75.00 in a report on Monday, October 24th. Finally, Mizuho reduced their price target on Dominion Energy from $81.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $75.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ellis Investment Partners LLC bought a new stake in Dominion Energy in the first quarter valued at about $25,000. JNBA Financial Advisors boosted its position in shares of Dominion Energy by 85.0% during the third quarter. JNBA Financial Advisors now owns 370 shares of the utilities provider’s stock worth $26,000 after buying an additional 170 shares during the period. Blume Capital Management Inc. acquired a new stake in Dominion Energy in the first quarter worth approximately $27,000. Curi Wealth Management LLC lifted its position in Dominion Energy by 1,755.0% in the second quarter. Curi Wealth Management LLC now owns 371 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 351 shares during the period. Finally, Syverson Strege & Co acquired a new stake in Dominion Energy in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 69.75% of the company’s stock.

Dominion Energy Trading Up 0.2 %

Shares of NYSE:D traded up $0.12 during midday trading on Monday, reaching $59.28. The company’s stock had a trading volume of 71,301 shares, compared to its average volume of 3,732,255. The firm has a market cap of $49.40 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 2.52 and a beta of 0.46. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 1.42. Dominion Energy has a 1 year low of $57.95 and a 1 year high of $88.78. The business has a 50 day moving average price of $68.97 and a 200 day moving average price of $76.90.

Dominion Energy (NYSE:DGet Rating) last issued its earnings results on Friday, November 4th. The utilities provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.03. Dominion Energy had a return on equity of 12.84% and a net margin of 14.73%. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. Research analysts forecast that Dominion Energy will post 4.11 EPS for the current year.

Dominion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd 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 4.50%. The ex-dividend date is Thursday, December 1st. Dominion Energy’s dividend payout ratio is presently 95.70%.

About Dominion Energy

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Dominion Energy, Inc produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.

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