Barclays Reaffirms Their Buy Rating on Dominion Energy (D)

Barclays analyst Nicholas Campanella maintained a Buy rating on Dominion Energy today and set a price target of $63.00. The company’s shares closed yesterday at $61.50.

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Campanella covers the Utilities sector, focusing on stocks such as Sempra Energy, Talen Energy Corp, and Centerpoint Energy. According to TipRanks, Campanella has an average return of 13.1% and a 70.40% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Dominion Energy with a $63.22 average price target.

Based on Dominion Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.81 billion and a net profit of $760 million. In comparison, last year the company earned a revenue of $3.49 billion and had a net profit of $572 million

Based on the recent corporate insider activity of 30 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.