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D

Dominion Energy Inc

NYSE: D · UTILITIES · UTILITIES - REGULATED ELECTRIC

$64.50
+3.20% today

Updated 2026-04-30

Market cap
$56.69B
P/E ratio
18.59
P/S ratio
3.44x
EPS (TTM)
$3.47
Dividend yield
4.27%
52W range
$50 – $67
Volume
4.9M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Dominion Energy Inc (D) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$64.50
Consensus
$65.20
+1.09%
2030 Target
$313.85
+386.59%
DCF
$53.48
-20.89% MoS
10 analysts:
2 Buy7 Hold2 Sell

Management guidance

Dominion Energy announced a $64.7 billion (recently expanded from $65B) five-year capital spending plan through 2030, with focus on data center infrastructure and offshore wind. Management projects annual earnings growth of 5-7% through 2030. The company is investing heavily in Virginia's data center ecosystem and completed activation of the Coastal Virginia Offshore Wind project (2.6 GW by 2027).

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$520.99
$23.0B Rev × 20x P/S
Base case (2030)
$313.85
$23.0B Rev × 12x P/S
Bear case (2030)
$207.14
$23.0B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$14.4B$14.5B$16.5B$17.7B$18.8B$20.0B$21.4B$23.0B
Revenue growth—0.5%14.2%7.2%6.4%6.5%6.9%7.3%
EPS$2.58$2.76$3.42$3.67$3.91$4.15$4.42$4.71
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$238.53$257.36$276.19$295.02$313.85

Catalysts & risks

Growth catalysts
+ Coastal Virginia Offshore Wind project completion (2.6 GW by 2027) driving regulated revenue growth
+ Data center power demand in Virginia creating incremental electricity sales beyond traditional utility growth
+ Rate increases approved/pending in Virginia, North Carolina, and South Carolina markets
+ $64.7B capital spending plan execution through 2030 supporting infrastructure modernization
+ Expansion of regulated rate base from transmission and distribution investments
Key risks
- Regulatory risk: rate increase requests facing public opposition (12.73% SC rate hike hearing underway)
- High leverage (Debt/Eq 1.71) limits financial flexibility; refinancing risk in rising rate environment
- Data center power demand uncertain if tech capex cycle slows; contracts essential but not yet fully disclosed
- Earnings growth of 5-7% is conservative relative to $65B capex; execution risk on ROI targets
- Offshore wind and nuclear projects subject to construction delays and cost overruns

Methodology

Dominion Energy Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 10 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.