Dominion Energy, Inc logo

Dominion Energy, IncNYSE: D

Utilities · Multi-Utilities

$67.91

-0.56%

Vol: 667K

Research Digest

Monday, June 15, 2026

Neutral

No significant overnight updates

No material news in the last 48 hours.

Price 50d 200d

Previous Market Intelligence

13 days
Jun 14No significant overnight updatesNeutral

No material news in the last 48 hours.

May 21NextEra Energy to acquire Dominion in $67 billion all-stock deal to power AI data centersPositive

NextEra Energy announced on May 18, 2026 it will acquire Dominion Energy in an all-stock deal valued at approximately $67 billion, creating the world's largest regulated electric utility by market cap. Dominion shareholders will receive 0.8138 NextEra shares per Dominion share plus a $360 million one-time cash payment at closing. The combined company would serve roughly 10 million utility customers across FL, VA, NC, and SC, and aims to capitalize on AI-driven power demand—particularly in northern Virginia, the world's largest data center market. Dominion shares jumped over 9% on the news while NextEra shares fell ~5%. The transaction is expected to close in 12 to 18 months pending regulatory approval, and the combined entity will offer Dominion customers $2.25 billion in credits over two years.

May 20Dominion Energy surged ~11% on May 18 after NextEra Energy agreed to acquire it in an all-stock deal valued near $67 billion, creating a US clean-energy and data-center power giant.Positive

NextEra Energy announced on May 18, 2026 that it will acquire Dominion Energy in an all-stock transaction valued at roughly $67B, with Dominion holders receiving a fixed 0.8138 NextEra shares for each Dominion share. NextEra shareholders will own 74.5% of the combined company versus 25.5% for Dominion holders, and the company will trade under NextEra's name and ticker. Dominion shares jumped over 9-11% on the news. The deal is strategically significant because Dominion powers the world's largest data center market in northern Virginia, positioning the combined entity as a global leader in renewables and battery storage, the US leader in natural gas generation, and number two in nuclear. Separately, Dominion's Q1 2026 results beat expectations at $0.95 EPS (vs. $0.93) and revenue of $5.02B (vs. $4.60B), and management reaffirmed 2026 operating EPS guidance of $3.45-$3.69. Dominion also declared a $0.668 dividend with an ex-date of May 29, 2026.

May 19NextEra Energy agreed to acquire Dominion Energy in a $66.8 billion all-stock deal announced May 18, 2026, creating the world's largest regulated electric utility serving roughly 10 million customers across Florida, Virginia, and the Carolinas.Positive

On May 18, 2026, NextEra Energy and Dominion Energy announced a definitive agreement to combine in an all-stock transaction valued at nearly $67 billion, with Dominion shares jumping roughly 8.7%-9% to about $67.15. The combined entity would operate about 110 gigawatts of generation capacity and become the U.S. leader in natural gas generation, second in nuclear, and a global leader in renewables and battery storage. The deal matters because it consolidates control over the power grid serving northern Virginia, the world's largest data center market, at a moment when AI-driven electricity demand is reshaping utility economics. RBC Capital responded by raising its Dominion price target to $72 while maintaining a Sector Perform rating. The bear case centers on substantial regulatory risk: the merger faces scrutiny across multiple state public utility commissions and FERC, and any forced divestitures or unfavorable rate-case outcomes could erode the synergy assumptions baked into the premium. Integration risk on a deal this large, combined with rising interest expense on the combined balance sheet, is another concern.

May 18NextEra Energy reportedly in talks to acquire Dominion Energy in a mostly stock-based mega-deal targeting data center power demand.Positive

Bloomberg reported on May 16, 2026 that NextEra Energy is in discussions to acquire Dominion Energy in a largely stock-based transaction aimed at consolidating power capacity to meet surging data center demand. The combined entity would become one of the largest power providers globally by enterprise value. Pre-market on May 18 showed D up ~11% to $68.71. Wells Fargo on May 15 raised its price target to $68 from $66 and maintained Overweight, with analyst Shahriar Pourreza leading. Analyst consensus remains Hold with a $66.47 average target. The deal speculation has dominated trading activity and dwarfed routine Q1 results.

May 15Dominion Energy raises Barclays PT to $70 after Q1 beat; declares 393rd consecutive 66.75-cent dividend.Positive

Dominion Energy posted Q1 2026 GAAP net income of $621M ($0.69 per share) and operating EPS of $0.95 on revenue of $5.02 billion. The company affirmed full-year 2026 operating earnings guidance of $3.45-$3.69 (midpoint $3.57). The board declared a quarterly dividend of 66.75 cents per share, the 393rd consecutive payment, payable June 20 to holders of record May 29. Barclays raised its price target to $70 from $66 on May 4, 2026. Average analyst rating is Hold with a 12-month PT of $65.20. Risks include rate-case outcomes and exposure to offshore wind capex execution. Sentiment is mildly positive given consistent execution and dividend reliability.

May 14Dominion Energy raised $2B from Virginia ratepayers for its $11.5B offshore wind project and reached a settlement reducing residential rate hikes from $19.98 to $11.97 monthly.Positive

Dominion Energy announced on May 11, 2026 it raised $2 billion from Virginia ratepayers for its $11.5 billion offshore wind project using CWIP incentives, driven by data center demand. A rate settlement was reached this week ahead of public hearings, reducing the average proposed residential rate increase from $19.98 to $11.97 a month. Q1 2026 results showed revenue of $5.019B (beating $4.6B estimate) and EPS of $0.95 (beating $0.93). The board affirmed FY2026 operating EPS guidance of $3.45-$3.69 and a quarterly dividend of $0.6675/share payable June 20. Shareholders rejected ESG-linked exec pay and independent chair proposals. Stock closed at $62.92 on May 12 (up 0.58%), extending a three-day winning streak.

May 13Dominion Energy on May 11 disclosed it raised $2B from Virginia ratepayers via CWIP incentives for its $11.4B Coastal Virginia Offshore Wind project, now over 75% complete.Positive

On May 11, 2026, Dominion Energy raised $2B from Virginia ratepayers using Construction Work in Progress (CWIP) incentives for its Coastal Virginia Offshore Wind project, which is now 75%+ complete at a slightly reduced budget of about $11.4B. On May 12, Dominion announced a 14-acre solar array on the Ivy Landfill (~$15M, powering 750 homes) in Albemarle County, and is also proposing a 3-gigawatt natural gas plant in Cumberland County — the largest in Virginia if built. Backdrop: Q1 2026 operating EPS of $0.95 beat $0.93 estimate, revenue $5.02B, full-year guidance reaffirmed at $3.45-$3.69. Risk: large-scale capex execution and regulatory rate recovery on offshore wind.

May 12Dominion Energy raised $2B from Virginia ratepayers on May 11 for $11.5B offshore wind project, and settled SC rate case at a lower 7% residential hikePositive

Dominion Energy announced on May 11, 2026 that it raised $2 billion from Virginia ratepayers via CWIP incentives to advance its $11.5 billion offshore wind project amid surging data center demand. Separately, Dominion settled its South Carolina rate case ahead of a public hearing, reducing the proposed monthly residential rate increase from $19.98 to $11.97, with $6M in shareholder-funded customer bill credits and assistance. The company is also proposing a 3 GW natural gas plant in Cumberland County, Virginia, which would be the state's largest gas generator if approved. Dominion declared a $0.6675 quarterly dividend payable June 20. The setup follows Q1 2026 GAAP net income of $621M ($0.69 EPS) and non-GAAP operating earnings of $847M ($0.95 EPS), with full-year guidance affirmed at $3.45-$3.69.

May 11Dominion Energy beat Q1 estimates with $0.95 adjusted EPS, reaffirmed 2026 guidance, and Barclays raised price target to $70 citing offshore wind and data center growth.Positive

Dominion Energy reported Q1 2026 operating EPS of $0.95 beating $0.93 estimates, with revenue of $5.02B beating by over $417M. GAAP net income was $621M ($0.69/share). The company reaffirmed full-year 2026 operating EPS guidance of $3.45-$3.69 (midpoint $3.57) plus all credit, dividend and long-term growth guidance. Barclays analyst Nicholas Campanella raised the price target to $70 from $66 maintaining Overweight. The 2.6-GW Coastal Virginia Offshore Wind project is about 75% complete with 9 of 176 turbines installed and expected full operation by 2027. Contracted data center capacity rose 5% since December to approximately 51 GW. Board declared $0.6675 quarterly dividend payable June 20. Risk: rate case settlements still pending South Carolina PSC approval.

May 8Dominion Energy reports Q1 earnings beat and 2026 guidance with 5-7% long-term EPS growthMixed

Dominion Energy reported Q1 2026 revenue of $5.02B with operating EPS of $0.95 (beat estimates). FY26 operating EPS guidance of $3.45-3.69 (midpoint $3.57) includes $0.07/share from RNG 45Z. Company reiterated 5-7% long-term annual operating EPS growth with bias to upper half 2028-2030. Key initiatives: Coastal Virginia Offshore Wind (5.2 GW rate-regulated) and data center capacity/energy storage. Barclays raised price target to $70 from $66. Stock underperforming S&P 500 over past year amid analyst skepticism. Dividend increase to $0.6675/quarter demonstrates commitment to shareholders.

May 7Dominion Energy beat Q1 estimates; raised PT to $70 on data center demand tailwindsPositive

Dominion Energy reported Q1 2026 EPS of $0.95 (beat $0.93 est.) with revenue of $5.02B (+22.9% YoY). Virginia segment adjusted operating earnings up 19.4%. Company affirmed FY26 operating EPS guidance of $3.45-3.69 and 5-7% long-term growth. Barclays raised PT to $70 from $66 (May 4). Stock hit 52-week high of $67.57. Data center growth (world's largest cluster) and $57B capital plan supporting Meta expansion position company well. 18 analysts rate Buy with 12-month PT of $120.31 (+7% upside), dividend of $0.6675 declared.

May 6Dominion Energy Q1 earnings beat with $0.95 EPS, data center contracts surge to 51 GWPositive

Dominion Energy reported Q1 operating earnings of $0.95 per share on May 1, beating analyst estimates of $0.86, with revenue of $5.02 billion exceeding forecasts of $4.47 billion. The company has contracted nearly 51 GW of data center capacity as of March, up 2.5 GW from December, driven by AI-related demand. Commercial power sales surged 8.4%, while the company reaffirmed full-year 2026 guidance of $3.45-$3.69 EPS. The Coastal Virginia Offshore Wind project is 75% complete.

Sector Peers

CompanyPriceDay1MFwd P/EBetaMkt Cap
NEENEXTERA$85.63-4.53%+0.7%20.4x0.72$187.1B
DDOMINION$67.91-0.56%+1.1%17.9x0.64$60.1B
SRESEMPRA$91.59+0.04%+1.5%16.5x0.60$59.8B
XELXCEL$78.07-2.66%+2.7%17.7x0.42$50.1B
EDCONSOLIDATED$107.61+0.19%+0.8%16.6x0.29$39.6B
PCGP$16.47+0.16%+3.7%9.1x0.29$36.2B

Key Fundamentals

Market Cap$60.1B
P/E (TTM)20.1
Forward P/E17.9
Beta0.64
Div Yield394.00%
Prev Close$68.29

RSI (14-Day)

69Neutral
0305070100

52-Week Range

$53.36$67.91$68.97
From High-1.5%
From Low+27.3%

Moving Averages

50d SMA
$62.78+8.2%
200d SMA
$60.37+12.5%

Price above both MAs — bullish structure.

Historical Returns

1W
+7.8%
1M
+8.7%
3M
+3.2%
6M
+13.1%
1Y
+31.6%
YTD
+15.8%

Volume

Today667K
20d Avg7.2M
Ratio0.09x