Analyst Views on Dominion Energy and How They’ve Changed
Analysts’ price targets
According to Wall Street analysts, Dominion Energy (D) stock has a mean price target of $81.86, which implies a flat to negative movement going forward. Dominion is currently trading at $83.12.
Among the 18 analysts tracking Dominion Energy, 13 have rated the stock a “hold,” and three have recommended a “strong buy.” Two have rated it a “buy.” It’s worth noting that Dominion stock has no “sell” ratings in the last year.
Interested in D? Don't miss the next report.
Receive e-mail alerts for new research on D
Peer price targets
According to Wall Street analysts, Southern Company (SO) has an estimated rise of 3% considering its mean price target of $51.90. It’s currently trading at $50.40.
NextEra Energy (NEE), one of the most rallied stocks among the S&P 500 utilities, has a mean price target of $159.60. That implies a possible rise of 2.5% from its current market price of $155.60.
Dominion Energy: Outlook
Dominion Energy differentiates itself from its peers, largely on earnings and dividend growth. Its superior earnings growth is likely to lead to above-average dividend growth for the next few years.
Dominion stock seems fairly overvalued, which could discourage some investors because they might have to pay more for a dividend growth that’s superior to its peers.
You can find out more about S&P 500 utilities (XLU) that showed superior dividend growth in Market Realist’s These S&P 500 Utilities Have the Highest Dividend Growth.