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Dominion Energy (D) Received its Third Buy in a Row

After Wolfe Research and Wells Fargo gave Dominion Energy (NYSE: D) a Buy rating last month, the company received another Buy, this time from Evercore ISI. Analyst Durgesh Chopra maintained a Buy rating on Dominion Energy yesterday and set a price target of $90.00. The company’s shares closed last Thursday at $83.48.

According to TipRanks.com, Chopra is a 4-star analyst with an average return of 9.8% and a 75.3% success rate. Chopra covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dominion Energy with a $90.75 average price target.

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Based on Dominion Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.28 billion and net profit of $711 million. In comparison, last year the company earned revenue of $3.87 billion and had a net profit of $1.01 billion.

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Virginia-based Dominion Energy, Inc. is a power and energy company, which provides electricity and natural gas to homes, businesses, and wholesale customers. It operates through the following business segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, Contracted Assets, and Corporate and Other.

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