Dominion Energy, Inc. (NYSE:D) is included among the 11 Best Utility Stocks to Invest in According to Hedge Funds.
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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 December 16, Morgan Stanley analyst David Arco trimmed the firm’s price target on Dominion Energy, Inc. (NYSE:D) from $65 to $62, but maintained its ‘Equal Weight’ rating on the shares. The revised target still represents an upside potential of 4.5%, as of the writing of this piece. The analyst noted in his year-ahead vote that the utilities sector’s performance will depend heavily on growth from data centers and better growth in the coming year.
Earlier on December 11, JPMorgan also lowered its price target on Dominion Energy, Inc. (NYSE:D) from $62 to $59, and kept an ‘Underweight’ rating on the shares. The revised price target comes as part of the firm updating models in the North American utilities sector.
Dominion Energy, Inc. (NYSE:D) enjoys a unique position in Virginia’s ‘Data Center Alley’ and has connected 450 data centers already, with over 25% of its sales going to these power-hungry facilities in the state. Moreover, the company had approximately 47 GW of data-center supply in various stages of contracting as of September 2025, up from around 40 GW as of December 2024.
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