Dominion Energy (D) Price Target Lowered Following Q3 Results

Dominion Energy, Inc. (NYSE:D) is included among the 10 Best Renewable Energy Dividend Stocks to Buy Now.

Dominion Energy, Inc. (NYSE:D) provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. The company currently owns or contracts with renewable projects totaling more than 2.5 GW of capacity across five different states.

Following Dominion Energy, Inc. (NYSE:D)’s recent Q3 results, BMO Capital analyst James Thalacker lowered the stock’s price target from $67 to $65 earlier this month, but maintained a ‘Market Perform’ rating on the company’s shares. The analyst highlighted Dominion topping consensus in the quarter, helped by increased power demand in its Virginia and South Carolina segments.

Moreover, Dominion Energy, Inc. (NYSE:D) narrowed its 2025 operating earnings guidance to $3.33 – $3.48 per share, from $3.28 -$3.52 per share previously. It also reaffirmed its long-term EPS growth CAGR of 5% – 7%, anchored off the 2025 midpoint ex 45Z credits of $3.30. According to the analyst, the utility has also started to lay the groundwork for the drivers of what is expected to be a robust capital plan, to be announced on the Q4 call in early 2026. Dominion recently stated that it is in various stages of contracting to provide data centers with 47 GW of capacity, up 17% from around 40 GW as of December 2024.

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Disclosure: None.