Dominion Energy (NYSE:D) Stock Rating Upgraded by KeyCorp

Dominion Energy (NYSE:D) was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued on Tuesday, AR Network reports. The brokerage presently has a $80.00 target price on the utilities provider’s stock. KeyCorp’s price objective would suggest a potential upside of 10.74% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Credit Suisse Group upgraded Dominion Energy from a “neutral” rating to an “outperform” rating and set a $83.00 price objective on the stock in a research report on Thursday, December 17th. TheStreet lowered Dominion Energy from a “b” rating to a “c+” rating in a research report on Tuesday, December 22nd. UBS Group upgraded Dominion Energy from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $88.00 to $83.00 in a research report on Wednesday, December 16th. Mizuho upgraded Dominion Energy from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $68.00 to $76.00 in a research report on Thursday, December 10th. Finally, Zacks Investment Research lowered Dominion Energy from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Thursday, October 29th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Dominion Energy has a consensus rating of “Buy” and an average target price of $83.42.

Shares of Dominion Energy stock opened at $72.24 on Tuesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 1.04. The business’s 50 day simple moving average is $75.36 and its two-hundred day simple moving average is $78.69. The stock has a market capitalization of $58.93 billion, a P/E ratio of -3,612.00, a price-to-earnings-growth ratio of 5.44 and a beta of 0.31. Dominion Energy has a one year low of $57.79 and a one year high of $90.89.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.08. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Dominion Energy had a return on equity of 12.19% and a net margin of 0.10%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. Sell-side analysts expect that Dominion Energy will post 3.65 earnings per share for the current fiscal year.

In other Dominion Energy news, Chairman Thomas F. Farrell II sold 50,000 shares of Dominion Energy stock in a transaction on Monday, December 7th. The stock was sold at an average price of $75.87, for a total transaction of $3,793,500.00. Following the completion of the transaction, the chairman now owns 901,144 shares in the company, valued at $68,369,795.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in D. Demars Financial Group LLC purchased a new position in shares of Dominion Energy in the second quarter worth $32,000. Rockbridge Investment Management LCC purchased a new position in shares of Dominion Energy in the second quarter worth $32,000. Crewe Advisors LLC purchased a new position in shares of Dominion Energy in the third quarter worth $38,000. Paces Ferry Wealth Advisors LLC purchased a new position in shares of Dominion Energy in the third quarter worth $42,000. Finally, CVA Family Office LLC purchased a new position in shares of Dominion Energy in the third quarter worth $49,000. Institutional investors and hedge funds own 60.79% of the company’s stock.

About Dominion Energy

Dominion Energy, Inc produces and transports energy. The company's Dominion Energy Virginia segment engages in the regulated electric generation, transmission, and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Gas Transmission & Storage segment operates interstate natural gas transmission pipelines and underground storage systems, as well as engages in nonregulated retail natural gas marketing, and development of renewable natural gas and LNG infrastructure.

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