KeyBanc Believes Dominion Energy (D) Won’t Stop Here

In a report released today, Sophie Karp from KeyBanc maintained a Buy rating on Dominion Energy (DResearch Report), with a price target of $86.00. The company’s shares closed last Wednesday at $79.32, close to its 52-week high of $81.08.

According to TipRanks.com, Karp is a 4-star analyst with an average return of 10.1% and a 58.4% success rate. Karp covers the Utilities sector, focusing on stocks such as Public Service Enterprise, Pinnacle West Capital, and Consolidated Edison.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dominion Energy with a $84.22 average price target, a 6.8% upside from current levels. In a report issued on January 5, UBS also upgraded the stock to Buy with a $98.00 price target.

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Dominion Energy’s market cap is currently $64.25B and has a P/E ratio of 25.02.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of D in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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