Acquisition Developments Keep Dominion (D) in the Limelight

Dominion Energy Inc. (NYSE:D) is one of the 10 Best Energy Stocks Capitalizing on the Data Center Boom. Based on 18 analyst ratings compiled by CNN, 83% assigned a Hold rating to Dominion Energy, while 11% assigned a Buy rating. The stock has an average price target of $68, a 2.64% upside from the current price of $66.25.

While energy markets continue to see volatility, investor attention remains focused on Dominion’s acquisition-related development. In May, Dominion and NextEra announced they had entered into a definitive agreement to combine in an all-stock transaction that will, in effect, create the largest regulated electric utility business.

According to the companies, the combined entities will be more than 80% regulated and serve approximately 10 million utility customer accounts across the states of Florida, Virginia, North Carolina, and South Carolina. As a result of the transaction, the combined firm will own 110 gigawatts (GW) of generation across a broad mix of energy sources.

Upon the announcement of the planned merger, several analysts had raised their price target on Dominion. On May 26, Mizuho increased its price target on Dominion to $72 from $66 while maintaining a Neutral rating on the stock. On May 28, Jefferies raised its price target on Dominion to $76 from $65 while upgrading its rating to Buy from Hold.

For the first quarter of the year, Dominion Energy reported a GAAP net income of $621 million or $0.69 per share, compared to the $665 million or $0.77 per share for the same period a year ago. Operating earnings for the period amounted to $847 million or $0.95 per share, compared to operating earnings of $803 million or $0.93 per share for the same period in 2025.

Dominion Energy Inc. (NYSE:D) provides regulated electricity and regulated natural gas services. The company develops and operates regulated offshore wind and solar power projects and produces carbon-free electricity.

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