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Dominion Energy: Analysts’ Views and Target Price

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Mar. 19 2018, Updated 7:33 a.m. ET

Analysts’ target price

According to Wall Street analysts, Dominion Energy (D) offers an attractive estimated upside of more than 12% for the next 12 months. The company has a mean target price of $79.9—compared to its current market price of $71.2.

Among the 17 analysts tracking Dominion Energy, four analysts recommend the stock as a “strong buy,” three analysts recommend it as a “buy,” ten analysts recommend it as a “hold,” and none of the analysts recommend it as a “sell” as of March 16, 2018.

The above chart shows how analysts’ views on Dominion Energy stock changed in the last few months.

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Peers’ target prices

NextEra Energy (NEE), the biggest utility by market capitalization in the country, offers a potential upside of 6% going forward. NextEra Energy has a mean target price of $167.7. Currently, NextEra Energy is trading at 158.1.

Duke Energy (DUK) stock has a mean target price of $81.8, which indicates a potential upside of ~7% going forward. Duke Energy is trading at $76.7.

RBC cut Duke Energy’s target price from $91.0 to $90.0 on March 15, 2018. SunTrust Robinson Humphrey raised Duke Energy’s target price from $79.0 to $80.0.

Southern Company (SO) has a mean target price of $46.0—compared to its current market price of $43.9, which suggests a potential upside of nearly 5% for the next year.

Wildfires in California in 4Q17 changed the fortunes for utilities operating in the state. Industry experts even see the possibility of the utilities going bankrupt considering the substantial liability damages that are still pending. To learn more, read How California Utilities Are Performing amid Mounting Challenges.

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