Stock Traders Buy Large Volume of Put Options on Dominion Energy (D)
Dominion Energy Inc (NYSE:D) was the recipient of some unusual options trading on Thursday. Stock traders purchased 2,786 put options on the company. This is an increase of approximately 1,890% compared to the average volume of 140 put options.
Shares of Dominion Energy (D) traded down $0.41 during trading on Monday, hitting $75.09. The stock had a trading volume of 4,696,070 shares, compared to its average volume of 4,430,000. The company has a market capitalization of $48,320.00, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.85 and a beta of 0.30. Dominion Energy has a 12 month low of $70.87 and a 12 month high of $85.30. The company has a current ratio of 0.47, a quick ratio of 0.29 and a debt-to-equity ratio of 1.67.
Dominion Energy (NYSE:D) last issued its quarterly earnings results on Monday, January 29th. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. Dominion Energy had a return on equity of 13.32% and a net margin of 17.21%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same period in the previous year, the company posted $0.99 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. analysts expect that Dominion Energy will post 3.57 earnings per share for the current fiscal year.
In other Dominion Energy news, Director John W. Harris sold 5,616 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $80.71, for a total value of $453,267.36. Following the sale, the director now owns 18,920 shares of the company’s stock, valued at approximately $1,527,033.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.37% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in shares of Dominion Energy by 1,955.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,672,437 shares of the utilities provider’s stock valued at $128,159,000 after acquiring an additional 1,591,057 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Dominion Energy by 24.7% during the 2nd quarter. Wells Fargo & Company MN now owns 6,110,200 shares of the utilities provider’s stock worth $468,223,000 after acquiring an additional 1,209,768 shares during the period. Vanguard Group Inc. grew its holdings in Dominion Energy by 2.7% during 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 during the period. Commonwealth Bank of Australia grew its holdings in Dominion Energy by 31.7% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,211,120 shares of the utilities provider’s stock worth $322,696,000 after acquiring an additional 1,014,670 shares during the period. Finally, Epoch Investment Partners Inc. grew its holdings in Dominion Energy by 24.1% during the 3rd quarter. Epoch Investment Partners Inc. now owns 3,527,979 shares of the utilities provider’s stock worth $271,408,000 after acquiring an additional 684,637 shares during the period. 64.54% of the stock is currently owned by institutional investors.
A number of analysts have commented on D shares. Zacks Investment Research upgraded Dominion Energy from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Wednesday, January 17th. Bank of America set a $87.00 price objective on Dominion Energy and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Morgan Stanley raised 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 restated a “hold” rating on shares of Dominion Energy in a research report on Friday, October 20th. Finally, Gabelli restated a “hold” rating on shares of Dominion Energy in a research report on Wednesday, November 1st. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Dominion Energy currently has an average rating of “Hold” and an average price target of $82.22.
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Dominion Energy Company Profile
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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