uploads///D anr

Understanding Dominion’s Price Targets ahead of Its 3Q17 Results


Oct. 26 2017, Updated 8:10 a.m. ET

Analyst price targets

According to Wall Street analyst consensus, Dominion Energy (D) has a mean price target of $80.36 against its current market price of $80.38. This indicates that analysts expect flattish movement from Dominion stock going forward.

Among the 17 analysts tracking Dominion, 13 recommend the stock as a “hold,” while two recommend a “strong buy,” and two recommend a “buy. No analyst has rated the stock as a “sell” as of October 25, 2017.

Article continues below advertisement

Peer price targets

Peer American Electric Power (AEP) is also expected to have a flattish movement going forward. Analysts have given it a mean price target of $84.00, compared with its current market price of $83.97.

Regulated utility giant Southern Company (SO) has a mean price target of $51.19, compared with its current market price of $52.37. This shows a possible fall of 2.3% going forward.

Notably, SunTrust Robinson raised Southern Company’s price target from $52.0 to $53.0 on October 23, 2017.

Almost all of the top utility stocks are currently trading near their mean price targets and thus have flat to negative (or very slight) estimated upsides.

You can read about utilities that have fairly large potential upsides in Market Realist’s series These SPX Utilities Could Gain You More than 10% from Here. For more about US utilities (XLU) (VPU) in general and how the industry works, check out Powering Up: All You Need to Know about Utilities.


More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market RealistLogo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.