5 Best Utility Stocks to Buy Now

 4. Dominion Energy Inc (NYSE: D)

Virginia-based Dominion Energy supplies electricity to parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. The stock was recently upgraded by KeyBanc to Overweight from Sector Weight with an $80 price target. The firm praised Dominion for its focus on decarbonizing and leveraging its renewable generation development opportunities. The firm said that Dominion is also focusing on its 2.64 GW offshore wind project which will pay off in the future.

Stuart J. Zimmer’s Zimmer Partners 2.58 million shares of Dominion as of the end of the third quarter of 2020. The net worth of these shares is $203.98 million. Overall, 36 funds tracked by Insider Monkey held stakes in the company entering the fourth quarter.