Dominion Energy Sees Unusually High Options Volume (NYSE:D)

Dominion Energy Inc. (NYSE:D) saw unusually large options trading on Monday. Traders purchased 9,968 call options on the stock. This is an increase of 147% compared to the average volume of 4,032 call options.

Trending Headlines about Dominion Energy

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

• Positive Sentiment: NextEra Energy’s acquisition of Dominion is a massive strategic deal that values Dominion at about $67 billion and gives shareholders exposure to a larger, more diversified utility platform tied to long-term power demand growth. Reuters article on the deal
• Positive Sentiment: The merger is being framed as a direct play on surging electricity needs from AI and data centers, which supports the view that Dominion’s regulated grid and transmission assets are becoming increasingly valuable. CNBC article on AI data center demand
• Positive Sentiment: The companies said the combined business should benefit from scale, improved financing, and bill credits for customers, which may help win regulatory support and reduce integration concerns. Press release on the combination
• Neutral Sentiment: Trading in Dominion options spiked sharply, suggesting heavy speculation around the deal and possible further volatility as investors reposition around the acquisition. Options activity reference
• Negative Sentiment: The merger still faces substantial regulatory and shareholder approval risk, including reviews by federal and state utility regulators, which could delay or disrupt completion. WSJ article on the deal
• Negative Sentiment: A shareholder law firm has already announced an investigation into whether Dominion is getting a fair price in the transaction, raising the possibility of legal friction around the deal. PR Newswire shareholder alert

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial assumed coverage on Dominion Energy in a research note on Tuesday, April 21st. They issued a “hold” rating and a $67.00 target price on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Dominion Energy in a research note on Friday, May 8th. Wells Fargo & Company lifted their price objective on Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday. Barclays lifted their price objective on Dominion Energy from $66.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Mizuho lifted their price objective on Dominion Energy from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $66.31.

Hedge Funds Weigh In On Dominion Energy

Several large investors have recently made changes to their positions in D. Wellington Management Group LLP lifted its holdings in shares of Dominion Energy by 46.2% during the fourth quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after purchasing an additional 14,197,581 shares during the last quarter. Norges Bank purchased a new position in shares of Dominion Energy during the fourth quarter valued at approximately $655,142,000. Capital Research Global Investors lifted its holdings in shares of Dominion Energy by 22.4% during the third quarter. Capital Research Global Investors now owns 54,850,042 shares of the utilities provider’s stock valued at $3,355,175,000 after purchasing an additional 10,049,691 shares during the last quarter. Mizuho Markets Americas LLC lifted its holdings in shares of Dominion Energy by 139.3% during the third quarter. Mizuho Markets Americas LLC now owns 867,500 shares of the utilities provider’s stock valued at $53,065,000 after purchasing an additional 3,073,835 shares during the last quarter. Finally, London Co. of Virginia lifted its holdings in shares of Dominion Energy by 45.3% during the first quarter. London Co. of Virginia now owns 6,943,525 shares of the utilities provider’s stock valued at $429,250,000 after purchasing an additional 2,165,195 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Dominion Energy Stock Up 9.3%

Dominion Energy stock traded up $5.77 during trading hours on Monday, hitting $67.50. 40,079,861 shares of the stock traded hands, compared to its average volume of 5,602,656. The firm’s 50-day moving average price is $62.34 and its two-hundred day moving average price is $61.35. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The company has a market cap of $59.36 billion, a PE ratio of 19.97, a PEG ratio of 3.25 and a beta of 0.65. Dominion Energy has a one year low of $53.36 and a one year high of $68.97.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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 business had revenue of $5.02 billion for the quarter, compared to analysts’ expectations of $4.43 billion. Dominion Energy had a return on equity of 9.63% and a net margin of 16.93%.The business’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, research analysts forecast that Dominion Energy will post 3.59 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 20th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, May 29th. Dominion Energy’s dividend payout ratio (DPR) is presently 78.99%.

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.