Dominion Energy (D) Stock Forecast & Price Target

$59.53

+1.08 (+1.85%)

(As of 10/31/2024 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

Hold

Based on 10 Analyst Ratings

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

$55.40
-6.94% Downside

According to the 10 analysts' twelve-month price targets for Dominion Energy, the average price target is $55.40. The highest price target for D is $58.00, while the lowest price target for D is $52.00. The average price target represents a forecasted downside of -6.94% from the current price of $59.53.

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D Analyst Ratings Over Time

Type	Current Forecast 11/2/23 to 11/1/24	1 Month Ago 10/3/23 to 10/2/24	3 Months Ago 8/4/23 to 8/3/24	1 Year Ago 11/2/22 to 11/2/23
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)	2 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	9 Hold rating(s)	12 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$55.40	$54.50	$51.64	$52.00
Forecasted Upside	-6.94% Downside	-6.61% Downside	-7.92% Downside	26.58% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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.

Dominion Energy Stock vs. The Competition

Type	Dominion Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.20	2.49	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-6.94% Downside	18.61% Upside	10.62% Upside
News Sentiment Rating	Positive News See Recent D News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$54.00 ➝ $58.00	+0.31%
9/20/2024	Jefferies Financial Group 2 of 5 stars		Initiated Coverage	Hold	$58.00	+0.87%
8/20/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$48.00 ➝ $58.00	+3.04%
8/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$54.00 ➝ $57.00	+4.51%
8/5/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$53.00 ➝ $57.00	+1.64%
5/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$43.00 ➝ $54.00	+2.20%
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5/3/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$51.00 ➝ $55.00	+7.00%
5/3/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$47.00 ➝ $53.00	+4.11%
5/3/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$45.00 ➝ $52.00	+1.64%
3/4/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$57.00 ➝ $52.00	+16.10%
9/13/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$71.00 ➝ $53.00	+11.58%
8/23/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$55.00 ➝ $50.00	+4.49%
6/9/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/7/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
3/7/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$60.00 ➝ $57.00	+1.84%
2/14/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Nicholas Campanella Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral	$67.00 ➝ $58.00	-1.09%
11/7/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
11/4/2022	Maxim Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:38 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 Wednesday, October 23, 2024. Please send any questions or comments about these Dominion Energy pros and cons to contact@marketbeat.com.

Dominion Energy
Bull Case

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 expectations, with an EPS of $0.65, showcasing strong profitability.

Dominion Energy
Bear Case

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

Despite the positive aspects, Dominion Energy, Inc. has a relatively high debt-to-equity ratio of 1.42, which may raise concerns about financial leverage.
The stock's PE ratio of 29.86 is higher than the industry average, potentially indicating overvaluation.
While the company has a market perform rating, some analysts have issued a neutral or hold rating, suggesting limited upside potential.
There is a payout ratio of 137.63%, which may signal that the company is paying out more in dividends than it is earning, potentially unsustainable in the long term.
Investors should consider the current stock price of $57.93 and evaluate if it aligns with their investment strategy and target returns.

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 $55.40, with a high forecast of $58.00 and a low forecast of $52.00.
: 10 Wall Street 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 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 -6.94% based on their 12-month stock forecasts.
: Dominion Energy has been rated by research analysts at Barclays, 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.

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This page (NYSE:D) was last updated on 11/1/2024 by MarketBeat.com Staff

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Dominion Energy (D) Stock Forecast & Price Target