Dominion Energy Inc. (NYSE: D), the Richmond, Virginia-based regulated electric and natural gas utility, continues to make headlines as it navigates industry shifts and rising power demand. With operations that include five nuclear generation sites, thousands of miles of electric distribution and transmission lines, and a significant customer base across the United States, Dominion’s evolving energy portfolio is closely followed by both investors and analysts.
Dominion Energy reported strong third-quarter 2024 financial performance, beating analysts’ profit expectations. The company posted operating earnings of 98 cents per share, besting consensus estimates of 93 cents per share. This outperformance was attributed to lower operating costs and stable electricity demand, particularly during the hot summer months. In the same quarter, Dominion’s total operating revenue rose to $3.94 billion, while operating costs fell by 2% to $2.72 billion, according to Reuters.
Dominion’s business focuses on distributing and selling electricity and natural gas to both retail and wholesale customers. While the company’s energy mix includes nuclear, a large portion is still generated from fossil fuels. In line with industry standards, Dominion has committed to transitioning to renewable energy sources such as solar, though it does not expect to achieve net-zero emissions until 2050. The company has undergone several business restructurings to sharpen its focus on regulated utility operations.
In February 2025, Dominion announced a substantial increase in its five-year capital expenditure plan, raising it to $50.1 billion from a previously planned $43.2 billion. The expanded budget is aimed chiefly at meeting surging electricity demand from data centers, especially those involved in artificial intelligence and cryptocurrency operations. Despite this ambitious investment, Dominion slightly narrowed its 2025 operating earnings forecast and temporarily saw shares dip by 2% in early trading following the announcement (Reuters).
As of Friday, September 12, 2025, Dominion Energy’s stock was trading at $60.05 per share at 23:15 UTC, with a marginal change of $0.04 (0.00%) from the previous close. Trading volume reached 3,979,880 shares, with the stock opening at $59.75, hitting an intraday high of $60.53 and a low of $59.67.
Market sentiment toward Dominion Energy remains generally cautious. According to MarketBeat, eight analysts have issued a consensus "Hold" rating, with six recommending "Hold," one "Sell," and one "Buy." The average 12-month price target stands at $59.57, suggesting a minor downside from current levels.
Recent analyst actions reflect continued careful optimism. On August 21, 2025, JP Morgan maintained its "Underweight" rating and raised its price target to $59.00 from $56.00 (GuruFocus). Earlier, on June 18, 2025, Morgan Stanley reiterated its "Equal-Weight" rating but cut its price target to $60.00 from $62.00 (GuruFocus).
According to a recent analyst report, Dominion has not announced any recent dividend increases. Nonetheless, key factors for investors include the company’s financial strength, focus on regulated operations, and its ongoing energy transition.
Overall, while Dominion Energy is accelerating investments to address the rapidly growing demand for power—particularly from high-energy consumers such as data centers—analyst sentiment remains tempered. The consensus "Hold" rating, along with conservative price targets, reflects both the progress Dominion is making in transforming its business model and the lingering uncertainties in an industry balancing traditional energy sources with renewables.