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Dominion Energy Inc (D) Stock

Dominion Energy Inc Stock Details, Movements and Public Alerts

Dominion Energy (D): The $11B Offshore Wind Bet Powering America's Data Center Capital

When Robert Blue became Dominion Energy CEO in 2020, he inherited a traditional regulated utility generating electricity from coal, nuclear, and natural gas for Virginia and surrounding states. Five years later, Blue has transformed Dominion into America's clean energy infrastructure leader—constructing the nation's largest offshore wind farm ($11.2 billion, 2.6 GW), planning 12,000 MW of new solar, and studying small modular nuclear reactors to meet unprecedented demand. Northern Virginia's data center boom drives the urgency: Dominion studies 28 GW of new demand as AI computing creates insatiable electricity appetite. The Coastal Virginia Offshore Wind project, two-thirds complete and on schedule for Q1 2026 operation, will power 660,000 homes despite facing $506 million in tariff-related cost increases. For investors, Dominion offers regulated utility stability (Q3 2025 operating EPS $1.06, guidance reaffirmed) combined with transformative infrastructure investments positioning the company as the essential power provider for America's AI revolution.

52-Week Range

$62.17 - $46.43

-3.76% from high · +28.86% from low

Avg Daily Volume

6,830,665

Latest volume

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

18.95

Near market average

Forward P/E

16.08

Earnings expected to grow

PEG Ratio

2.01

Potentially overvalued

Price to Book

1.86

EV/EBITDA

13.10

EPS (TTM)

$3.07

Price to Sales

3.14

Beta

0.68

Less volatile than market

How is D valued relative to its earnings and growth?
Dominion Energy Inc trades at a P/E ratio of 18.95, which is near the market average of approximately 20, suggesting the market views it as fairly valued relative to its earnings. Looking ahead, the forward P/E of 16.08 is lower than the current P/E, indicating analysts expect earnings to grow over the next year. The PEG ratio of 2.01 indicates a premium valuation even accounting for growth.
What is D's risk profile compared to the market?
With a beta of 0.68, Dominion Energy Inc is less volatile than the overall market. This means when the market moves up or down by 10%, this stock typically moves less than 10% in the same direction. Lower beta stocks are often preferred by conservative investors seeking stability. The price-to-book ratio of 1.86 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

16.80%

Operating Margin

34.50%

EBITDA

$7.67B

Return on Equity

9.20%

Return on Assets

2.98%

Revenue Growth (YoY)

14.90%

Earnings Growth (YoY)

6.20%

How profitable and efficient is D's business model?
Dominion Energy Inc achieves a profit margin of 16.80%, meaning it retains $16.80 from every $100 in revenue after all expenses. This is an impressive margin, indicating strong pricing power and efficient cost management that allows the company to generate substantial profits. The operating margin of 34.50% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 9.20% and ROA at 2.98%, the company achieves moderate returns on invested capital.
What are D's recent growth trends?
Dominion Energy Inc's revenue grew by 14.90% year-over-year, showing steady progress in growing the business. This positive trajectory indicates the company maintains competitive positioning in its markets. Earnings increased by 6.20% year-over-year, reflecting the bottom-line impact of business performance. These growth metrics should be evaluated against UTILITIES - REGULATED ELECTRIC industry averages for proper context.

Dividend Information

Dividend Per Share

$2.67

Dividend Yield

4.60%

Ex-Dividend Date

Dec 5, 2025

Dividend Date

Dec 20, 2025

What dividend income can investors expect from D?
Dominion Energy Inc offers a dividend yield of 4.60%, paying $2.67 per share annually. This high yield exceeds 4%, significantly outperforming the S&P 500 average of 1.5-2% and most investment-grade bonds. For income-focused investors, this represents an attractive cash flow opportunity, though high yields sometimes signal market concerns about sustainability. To receive the next dividend, shares must be purchased before the ex-dividend date of Dec 5, 2025.
How reliable is D's dividend for long-term investors?
The dividend sustainability can be assessed through the payout ratio - Dominion Energy Inc pays $2.67 per share in dividends against earnings of $3.07 per share, resulting in a payout ratio of 86.97%. This high payout ratio of 60-90% leaves limited earnings for reinvestment. While currently sustainable, there's less buffer for dividend growth or protection during earnings downturns. The next dividend payment is scheduled for Dec 20, 2025.

Company Size & Market

Market Cap

$49.7B

Revenue (TTM)

$15.81B

Revenue/Share (TTM)

$18.60

Shares Outstanding

853.91M

Book Value/Share

$31.27

Asset Type

Common Stock

What is D's market capitalization and position?
Dominion Energy Inc has a market capitalization of $49.7B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 853.91M shares outstanding, the company's ownership is relatively concentrated. As a participant in the UTILITIES - REGULATED ELECTRIC industry, it competes with other firms in this sector.
How does D's price compare to its book value?
Dominion Energy Inc's book value per share is $31.27, while the current stock price is $59.83, resulting in a price-to-book (P/B) ratio of 1.91. This reasonable premium to book value suggests the market values the company's earnings power and intangible assets appropriately. Most profitable companies trade between 1-3x book value. As a common stock, this represents equity ownership with voting rights.

Analyst Ratings

Analyst Target Price

$63.73

6.52% upside potential

Analyst Recommendations

Strong Buy

1

Buy

2

Hold

14

Sell

0

Strong Sell

2

How reliable are analyst predictions for D?
19 analysts cover D with 16% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The bearish sentiment could create opportunity if analysts are wrong. The consensus target of $63.73 implies 6.5% upside, but targets are often adjusted to follow price moves rather than predict them.
What is the Wall Street consensus on D?
Current analyst recommendations:1 Strong Buy, 2 Buy, 14 Hold, 02 Strong Sell. The neutral stance suggests uncertainty or fair valuation at current levels.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Dec 13, 2025, 08:22 AM

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Dominion Energy (D) Stock Analysis 2025: Complete Investment Guide

The numbers reflect massive capital deployment. Dominion invested $8.2 billion through September 2025 into the Coastal Virginia Offshore Wind (CVOW) project, which will ultimately cost $11.2 billion (up from original estimates due to $506 million in tariff impacts). The 2.6 GW offshore wind farm is two-thirds complete, 100% of monopiles installed ahead of schedule, targeting Q1 2026 electricity delivery. Meanwhile, Northern Virginia data centers create unprecedented demand—Dominion studies 28 GW of new load, equivalent to powering 21 million homes. Q3 2025 operating earnings hit $1.06 per share with full-year guidance reaffirmed, demonstrating financial stability despite capital-intensive clean energy investments. Robert Blue is betting Dominion's regulated utility model can fund the infrastructure transformation America's AI economy requires.

Business Model & Competitive Moat

Dominion Energy operates as a regulated electric and gas utility serving Virginia, North Carolina, South Carolina, and other states. The business model is straightforward: invest capital in infrastructure (power plants, transmission lines, distribution networks), earn regulated returns (typically 9-10% authorized by state regulators), and pass costs to customers through rate base adjustments. Dominion generates electricity from nuclear (North Anna, Surry plants), natural gas, offshore wind, solar, and hydroelectric sources. The company also operates natural gas transmission and distribution networks.

The competitive moat is the regulated monopoly franchise. Customers cannot choose alternative electricity providers in Dominion's service territories—they must buy from Dominion at state-approved rates. This eliminates competitive pricing pressure and guarantees returns on prudent infrastructure investments. However, the moat requires regulatory approval for rate increases, creating political risk. Dominion's $11.2 billion offshore wind project requires Virginia State Corporation Commission approval to include costs in customer rates. Robert Blue argues the $506 million tariff increase adds only 3 cents per month to average customer bills over the project's lifetime, but ratepayer advocates scrutinize whether offshore wind delivers value versus cheaper alternatives.

Financial Performance

  • •Q3 Operating Earnings: $1.06 per share, driven by regulated investment growth and increased sales
  • •Offshore Wind Investment: $8.2B invested through September in $11.2B total CVOW project
  • •Data Center Demand: 28 GW pipeline under study—unprecedented load growth opportunity
  • •Guidance Maintained: Full-year financial outlook reaffirmed despite tariff headwinds
  • •Dividend Yield: Utility-sector competitive yield providing income stability (exact yield depends on stock price)

Growth Catalysts

  • •Data Center Explosion: Northern Virginia = world's largest data center hub; AI computing drives insatiable electricity demand
  • •Offshore Wind Completion: CVOW operational Q1 2026, adding 2.6 GW clean capacity and rate base growth
  • •SMR Nuclear: Small modular reactors (SMRs) under study to provide 24/7 carbon-free baseload for data centers
  • •Rate Base Expansion: $11.2B offshore wind + data center infrastructure investments drive earnings growth
  • •Federal Clean Energy Incentives: IRA tax credits support renewable energy and nuclear investments

Risks & Challenges

  • •Regulatory Risk: Virginia regulators could disallow portions of CVOW costs, reducing profitability
  • •Tariff Cost Overruns: $506M tariff impact already identified; further cost escalation threatens project economics
  • •Political Backlash: CEO pay increased $6.6M in 2024 while customer bills rose, creating ratepayer advocacy pressure
  • •Offshore Wind Delays: Weather, supply chain, or technical issues could postpone Q1 2026 target and increase costs
  • •Data Center Demand Uncertainty: AI boom could moderate; 28 GW pipeline may not fully materialize
  • •Interest Rate Sensitivity: Utilities are capital-intensive; higher rates increase financing costs and compress valuations

Competitive Landscape

Dominion competes with other regulated utilities in the Mid-Atlantic: Duke Energy (Carolinas), American Electric Power (multiple states), and Exelon (Mid-Atlantic, Midwest). In offshore wind, Dominion leads U.S. utilities—no other American utility operates a comparable project at scale. Ørsted and Avangrid develop offshore wind on the East Coast but primarily for wholesale markets, not vertically integrated utility service. In the data center power market, Dominion faces indirect competition from utilities expanding capacity to serve hyperscalers (Microsoft, Amazon, Google).

Robert Blue's strategic positioning emphasizes being the clean energy infrastructure leader for the AI economy. Northern Virginia's data center concentration creates a geographic moat—hyperscalers cannot easily relocate 100+ data centers to other states. Dominion's willingness to invest $11.2 billion in offshore wind signals commitment to decarbonization that appeals to ESG-focused corporate customers. However, the competitive question is whether Dominion extracts fair returns for shareholders or whether regulatory lag and political pressure compress margins on these massive investments.

Who Is This Stock Suitable For?

Perfect For

  • ✓Income investors seeking stable utility dividends
  • ✓ESG-focused portfolios (offshore wind, nuclear, clean energy transition)
  • ✓Long-term holders (10+ years) betting on data center demand growth
  • ✓Conservative portfolios wanting regulated utility defensiveness with growth optionality

Less Suitable For

  • ✗Growth investors seeking high revenue acceleration
  • ✗Traders (utilities are slow-moving, dividend-focused)
  • ✗Rate-sensitive investors (utilities underperform when rates rise)
  • ✗Anti-ESG investors opposing offshore wind subsidies

Investment Thesis

Dominion Energy offers a unique combination: regulated utility stability with transformative infrastructure growth. The $11.2 billion offshore wind project, if approved by regulators for cost recovery, expands rate base and drives earnings growth. The 28 GW data center demand pipeline represents unprecedented load growth—AI computing requires massive electricity, and Dominion controls the territory where America's data center industry concentrates. Robert Blue is positioning Dominion as the essential infrastructure provider for the AI revolution.

The bull case: Offshore wind completes on time, regulators approve cost recovery, data center demand materializes (requiring additional nuclear/solar/gas investments), and Dominion earns regulated returns on $20+ billion in incremental capital deployed over the next decade. The bear case: offshore wind costs spiral beyond $11.2 billion, regulators disallow portions of CVOW expenses, data center demand disappoints, and Dominion becomes a bloated utility with stranded clean energy assets earning below authorized returns. For income investors with 10+ year horizons, Dominion offers attractive risk-reward—the dividend provides downside support while data center demand creates upside optionality. Monitor regulatory approvals closely.

Conclusion

Dominion is a BUY for income-focused investors seeking utility stability with growth catalysts. The dividend provides ~4%+ yield (assuming current prices), offering downside protection. The 28 GW data center demand pipeline and $11.2B offshore wind project create earnings growth potential beyond typical utility single-digit rates. Dollar-cost average over 6-12 months. Monitor Virginia regulatory proceedings on offshore wind cost recovery—approval validates the thesis. This is a 10+ year hold for patient capital, not a momentum trade.
Bull Case
$65 (25% upside) - Data center boom, offshore wind approved at full cost, SMR nuclear deployment
Base Case
$55 (6% upside) - Steady rate base growth, modest data center additions
Bear Case
$42 (19% downside) - Regulatory disallowances on offshore wind, data center demand disappoints

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