Dominion Energy (D) Price Target Boosted Following “Solid” Q1 Report

Dominion Energy, Inc. (NYSE:D) is included among the 12 Best Electric Utility Stocks to Buy for the Data Center Surge.

Dominion Energy (D) Price Target Boosted Following "Solid" Q1 Report

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Dominion Energy, Inc. (NYSE:D) provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina.

On May 4, Barclays analyst Nicholas Campanella boosted the firm’s price target on Dominion Energy, Inc. (NYSE:D) from $66 to $70, while maintaining an ‘Overweight’ rating on the shares. The updated target, which represents an upside potential of over 13% from the current levels, comes following the utility’s “solid” Q1 report.

Dominion Energy, Inc. (NYSE:D) topped profit and revenue estimates in its first quarter, supported by the higher power demand in Virginia. The company caters to the largest cluster of data centers on the planet in Virginia, and it revealed that it had contracted nearly ​51 GW of data center capacity as of March, up 2.5 ‌GW ⁠from December 2025.

Dominion Energy, Inc. (NYSE:D) reaffirmed its operating earnings forecast of $3.45 to $3.69 per share for full-year 2026. Moreover, the company reiterated its target of an annual earnings growth at the midpoint of its 5% to 7% range, with a bias toward the upper half of the range starting from 2028.

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