Dominion Energy (NYSE:D) PT Raised to $86.00 at KeyCorp

Dominion Energy (NYSE:D) had its price target upped by investment analysts at KeyCorp from $84.00 to $86.00 in a research note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s target price suggests a potential upside of 8.63% from the stock’s current price. KeyCorp also issued estimates for Dominion Energy’s FY2021 earnings at $3.91 EPS, FY2022 earnings at $4.16 EPS, FY2023 earnings at $4.36 EPS, FY2024 earnings at $4.61 EPS and FY2025 earnings at $4.77 EPS.

A number of other research firms have also issued reports on D. Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a report on Wednesday, December 1st. TheStreet raised Dominion Energy from a “c+” rating to a “b” rating in a report on Friday, November 5th. UBS Group raised Dominion Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $81.00 to $98.00 in a report on Wednesday, January 5th. Mizuho dropped their target price on Dominion Energy from $77.00 to $73.00 and set a “neutral” rating on the stock in a report on Tuesday, October 19th. Finally, The Goldman Sachs Group lowered Dominion Energy from a “neutral” rating to a “sell” rating and set a $72.00 target price on the stock. in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $83.56.

Shares of NYSE D opened at $79.17 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.58 and a current ratio of 0.70. Dominion Energy has a fifty-two week low of $67.85 and a fifty-two week high of $81.08. The firm has a market capitalization of $64.01 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.90 and a beta of 0.43. The stock’s 50-day simple moving average is $76.36 and its 200-day simple moving average is $75.97.

Dominion Energy (NYSE:D) last released its quarterly earnings results on Friday, November 5th. The utilities provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.89 billion. Dominion Energy had a return on equity of 12.56% and a net margin of 19.32%. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. On average, sell-side analysts forecast that Dominion Energy will post 3.89 earnings per share for the current fiscal year.

In other news, Director Susan N. Story bought 1,500 shares of the firm’s stock in a transaction on Wednesday, November 24th. The shares were bought at an average cost of $74.42 per share, for a total transaction of $111,630.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert M. Blue bought 3,321 shares of the firm’s stock in a transaction on Wednesday, November 10th. The shares were purchased at an average price of $75.28 per share, for a total transaction of $250,004.88. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 5,817 shares of company stock worth $436,614. Company insiders own 0.26% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Solstein Capital LLC lifted its position in shares of Dominion Energy by 92.5% in the third quarter. Solstein Capital LLC now owns 385 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 185 shares in the last quarter. Annapolis Financial Services LLC lifted its position in shares of Dominion Energy by 449.4% in the third quarter. Annapolis Financial Services LLC now owns 489 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 400 shares in the last quarter. Bell Investment Advisors Inc purchased a new stake in shares of Dominion Energy in the third quarter valued at $36,000. Achmea Investment Management B.V. purchased a new stake in shares of Dominion Energy in the third quarter valued at $42,000. Finally, Benjamin Edwards Inc. lifted its position in shares of Dominion Energy by 38.0% in the third quarter. Benjamin Edwards Inc. now owns 646 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 178 shares in the last quarter. Institutional investors own 66.63% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc engages in the provision of electricity and natural gas to homes, businesses, and wholesale customers. Its operations also include a regulated interstate natural gas transmission pipeline and underground storage system. It operates through following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets and Corporate and Other.

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Analyst Recommendations for Dominion Energy (NYSE:D)

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