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Dominion Energy (D) Stock Forecast & Price Target

$56.38
-0.43 (-0.76%)
(As of 10/9/2024 ET)

Dominion Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
8
Buy
2

Based on 10 Wall Street analysts who have issued ratings for Dominion Energy in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 8 have given a hold rating, and 2 have given a buy rating for D.

Consensus Price Target

$54.50
-3.33% Downside
According to the 10 analysts' twelve-month price targets for Dominion Energy, the average price target is $54.50. The highest price target for D is $58.00, while the lowest price target for D is $49.00. The average price target represents a forecasted downside of -3.33% from the current price of $56.38.
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D Analyst Ratings Over Time

TypeCurrent Forecast
10/10/23 to 10/9/24
1 Month Ago
9/10/23 to 9/9/24
3 Months Ago
7/12/23 to 7/11/24
1 Year Ago
10/10/22 to 10/10/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
9 Hold rating(s)
11 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$54.50$54.00$51.64$54.31
Forecasted Upside-3.33% Downside-5.87% Downside0.01% Upside27.47% Upside
Consensus Rating
Hold
Hold
Hold
Hold

D Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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D Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Dominion Energy Stock vs. The Competition

TypeDominion EnergyUtilities CompaniesS&P 500
Consensus Rating Score
2.20
2.49
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside-3.33% Downside20.44% Upside7.27% Upside
News Sentiment Rating
Positive News

See Recent D News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/20/2024Jefferies Financial Group
2 of 5 stars
 Initiated CoverageHold$58.00+0.87%
8/20/2024Scotiabank
5 of 5 stars
 Boost TargetSector Perform ➝ Sector Perform$48.00 ➝ $58.00+3.04%
8/12/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$54.00 ➝ $57.00+4.51%
8/5/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$53.00 ➝ $57.00+1.64%
5/10/2024Bank of America
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 UpgradeUnderperform ➝ Neutral$43.00 ➝ $54.00+2.20%
5/3/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$51.00 ➝ $55.00+7.00%
5/3/2024Evercore ISI
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 Boost TargetIn-Line ➝ In-Line$47.00 ➝ $53.00+4.11%
5/3/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$45.00 ➝ $52.00+1.64%
4/15/2024Barclays
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 Lower TargetOverweight ➝ Overweight$50.00 ➝ $49.00+0.18%
3/4/2024Guggenheim
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 Lower TargetBuy ➝ Buy$57.00 ➝ $52.00+16.10%
9/13/2023Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$71.00 ➝ $53.00+11.58%
8/23/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$55.00 ➝ $50.00+4.49%
6/9/202351job
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 Reiterated RatingMaintains
6/7/2023The Goldman Sachs Group
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 Initiated CoverageNeutral
3/7/2023UBS Group
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 Lower TargetNeutral$60.00 ➝ $57.00+1.84%
2/14/2023Credit Suisse Group
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Nicholas Campanella
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Lower TargetNeutral$67.00 ➝ $58.00-1.09%
11/7/2022Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
11/4/2022Maxim Group
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 Initiated CoverageHold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:08 AM ET.


Should I Buy Dominion Energy Stock? D Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 3, 2024. Please send any questions or comments about these Dominion Energy pros and cons to contact@marketbeat.com.

Dominion Energy
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Dominion Energy, Inc.:

  • Dominion Energy, Inc. has shown consistent revenue growth over recent quarters, indicating a strong financial performance.
  • The company has a solid dividend yield of 4.61%, providing investors with a steady income stream.
  • Analysts have given Dominion Energy, Inc. a consensus target price of $54.50, suggesting potential for stock price appreciation.
  • With a beta of 0.60, Dominion Energy, Inc. exhibits lower volatility compared to the overall market, offering a more stable investment option.
  • The company's recent quarterly earnings report exceeded analyst expectations, showcasing strong operational efficiency.

Dominion Energy
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Dominion Energy, Inc. for these reasons:

  • Despite positive analyst ratings, Dominion Energy, Inc. has a high payout ratio of 137.63%, which may limit future growth opportunities.
  • The stock price of Dominion Energy, Inc. has reached a one-year high of $58.94, potentially indicating a near-term peak in valuation.
  • While the company has a strong market capitalization of $48.24 billion, its debt-to-equity ratio of 1.42 raises concerns about financial leverage.
  • Investors should consider the impact of regulatory changes in the energy sector on Dominion Energy, Inc.'s future profitability and growth prospects.
  • Given the current market conditions, investors may face increased competition and pricing pressures in the energy industry, affecting Dominion Energy, Inc.'s margins.

D Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Dominion Energy is $54.50, with a high forecast of $58.00 and a low forecast of $49.00.

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dominion Energy in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" D shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in D, but not buy additional shares or sell existing shares.

According to analysts, Dominion Energy's stock has a predicted downside of -3.33% based on their 12-month stock forecasts.

Dominion Energy has been rated by research analysts at BMO Capital Markets, Jefferies Financial Group, JPMorgan Chase & Co., and Scotiabank in the past 90 days.

Analysts like Dominion Energy less than other "utilities" companies. The consensus rating score for Dominion Energy is 2.20 while the average consensus rating score for "utilities" companies is 2.49. Learn more on how D compares to other companies.


This page (NYSE:D) was last updated on 10/9/2024 by MarketBeat.com Staff
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