RBC Capital Sticks to Its Hold Rating for Dominion Energy (D)

In a report released yesterday, Shelby Tucker from RBC Capital maintained a Hold rating on Dominion Energy (D), with a price target of $82.00. The company’s shares closed last Monday at $80.90.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 7.2% and a 69.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.

Dominion Energy has an analyst consensus of Moderate Buy, with a price target consensus of $81.40.

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Based on Dominion Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.59 billion and GAAP net loss of $1.17 billion. In comparison, last year the company earned revenue of $3.97 billion and had a net profit of $54 million.

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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: Power Delivery, Power Generation, and Gas Infrastructure. The Power Delivery segment regulates electric distribution and transmission. The Power Generation segment includes regulated electric fleet and merchant electric fleet. The Gas Infrastructure segment comprises gas transmission and storage, gas distribution and storage, liquefied natural gas import, and storage. The company was founded by William W. Berry in 1983 and is headquartered in Richmond, VA.

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