Based on analysts’ 12-month mean target price of $72.10, Dominion Energy (D) stock has an upside of ~12% to its current market price of $64. Of the 14 analysts tracking Dominion Energy on May 25, two recommended “strong buy,” one recommended “buy,” and 11 recommended “hold.”
Peer price targets
The chart above shows how analysts’ views on Dominion Energy stock have changed in the past few months. Analysts have given NextEra Energy (NEE), the biggest constituent of S&P 500 Utilities, a mean price target of $170.80, implying an upside of 6.0% based on its current price of $161.20. Deutsche Bank raised its target price for NEE from $161 to $163 on May 23.
American Electric Power’s (AEP) mean price target of $73.40 implies an upside of ~9% over the next year based on its current market price of $66.40. Strong Treasury yields pulled utility stocks (XLU) (IDU) lower this year. To learn how more about broader utilities, read Weekly Review: Utilities Stumbled Last Week.