Dominion Stock Forecast - Dominion Stock Dividend

PUBLISHED Oct 31, 2022, 7:23:18 AM        SHARE

imgRashada Parveen

Dominion Energy Stock has witnessed many ups and downs this year, dropping to its lowest level. However, the fundamentals of this stock are robust and support an attractive dividend yield of 4% and dividend growth of 6% for its shareholders.

On the other hand, the stock price has declined considerably, confusing many investors if they should buy, sell or hold the stock. Dominion Energy rumors regarding the Atlantic Coast Pipeline deal also made this stock suspicious, bringing down the price to the lower level.

Read Also: Next Era Energy (NEE) Stock, Sempra Energy Stock (SRE) and its SRE Stock Forecast, Edison International Stock (EIX), Dominion Energy Stock (D) and NRG Energy Stock

Is Dominion Energy Stock (D) a good investment?

Dominion stock has a market capitalization of $57.78 billion and a P/E ratio of 26.15, which is higher than the market average of 16.2 and the industry average of 26.0. The large market cap makes this stock attractive, as many analysts have predicted that the price of D stock will reach $83.71 by September 2022. Moreover, analysts are expecting a dividend growth of 6%.

image description

Dominion Energy - D Stock Forecast, Price & News

Dominion Energy's stock forecast is very bright and optimistic despite the sharp fall in the price of Dominion stock. Currently, D stock is trading at $69.41, up from its lowest price of $61.70. The stock market capitalization is $57.78 billion, and a dividend yield of 3.85%.

image description

Dominion Energy stock is committed to providing sustainable and affordable energy solutions to approximately 7 million people in 15 states. Based in Virginia, this large-cap utility company expects the third quarter earnings to be between $0.98 to $1.13 per share in their earnings guidance.

Read also about Tesla (TSLA) Alphabet (GOOG), and Netflix (NFLX) stocks

Latest Earnings Reports and Dominion Stock Dividend

The full-year earnings guidance is reported at $3.95 to $4.95. Dominion company relies on the operating earnings as the utility sector fundamentals depend on them. The second-quarter operating earnings were higher by 4.77% and grew from $628 million in 2021 to $658 million in 2022.

The net income accelerated from $285 million in 2021 to $453 million in the second quarter. Dominion third-quarter earnings report will be announced on November 4.

Read Also: Visa (V) and Bank of America (BAC)

Dominion energy (D) Stock News Headlines

Atlantic Coast Pipeline deal has been canceled by the significant utility players in this deal. Dominion Energy Inc. and Duke Energy Inc have canceled the ACP contract after a nerve-wracking fight between the dealers of this venture.

***You can also read my previous analysis on Dominion Stock if you want to know Why is Dominion Energy Stock Dropping.

Anticipated to be highly profitable to meet the demands of Virginia and North Carolina, this deal would have produced and transmitted 1.5 billion cubic feet of natural gas daily.

However, this looming deal's cancellation finally ended without any decisive result. Consequently, it has raised questions about meeting the increased demand for natural gas in Virginia and North Carolina. Over this uncertainty, Dominion Energy's stock price fell sharply.

To combat this challenge, Dominion Energy stock is negotiating with local utility providers to produce electricity from renewable energy sources as an alternative to natural gas.

This will be a more sustainable solution, ultimately making the Dominion stock more favorable for ESG investors and eliminating the unsustainable natural gas by 2050.

Should I Buy Dominion Energy Inc Stock?

Most analysts have given a buy-and-hold rating consensus for Dominion Energy Stock. According to the Market Beat, Dominion Stock has a hold rating with a price target of $80.30. Suppose you're looking for a dividend-paying stock with higher price targets and an increase in valuation. In that case, Dominion Energy Stock is the best stock for you.

What are the Top Utility Stocks to Buy Right now?

Top Utility Stocks to Buy Right Now when the market is recovering from the recessionary situation and seemingly unrestraiend inflation era. Utility stocks never disappoint an investor in this uncertainty when the markets are crashing due to the low consumer' and investors' sentiments.

  1. Sempra Energy Stock
  2. NRG Energy Stock
  3. Next Era Energy NEE) Stock
  4. Dominion Energy Stock
  5. SunRun Energy Stock

Frequently Asked Questions

Is Dominion Energy a good stock to buy?

Dominion Energy Stock Price is at its lowest level. Currently, it is trading for $69.41, which is below the fair value of this stock. The fair value of D stock is $126.73. So, Dominion Energy Stock is an excellent stock to invest in due to analysts' higher dividend yield expectations and increased price targets.

Will Dominion stock go up

Dominion stock has started to recover from its bottom position and is expected to increase in the upcoming quarters. Analysts have set the price target of this stock at a median price of $77.00, with a high price target of $94.00 and the lowest price target of $71.00. With analysts at the WSJ having set these price targets, Dominion stock may go up in the upcoming weeks" image description

Is Dominion Resources a buy sell, or hold?

Dominion Energy Stock is a potential buy due to its low prices relative to its target prices. Dominion Energy Stock is a buy due to its lowest price. The 52-week lowest price of D share was $61.70. So, the analysts have seen the potential of growth in the price targets in the upcoming quarters with a higher dividend yield of 4%. So, it is a buy stock with a hold position.

How do I buy stock in Dominion Energy?

You can select a trading platform or a brokerage firm. After this, you need to analyze your investment objectives and budget. Then, open your account and make a payment. Analyze the Dominion Energy Stock and buy now or later according to the best price and time. Invest wisely. For more information, you can read A Guide To Investment Costs For Beginner Investors

Does D pay a dividend?

D Pays a dividend yield of 3.79%. The dividend yield growth estimates are around 6%, with a current dividend of 4%. Dominion Energy pays a dividend every quarter. D pays a dividend yield of 3.79% as of second quarter 2022. The upcoming division of Dominion utility stock will be announced on November 4, 2022.

The bottom Line

Finally, we conclude that Dominion Energy's is a great opportunity for investors based on forecasted price targets, making a price increase next year possible. So, it's an excellent opportunity for investors to enjoy the higher price of Dominion Energy stock and the higher dividend yield of 4% in the upcoming quarter.

Dominion Energy stock has been paying dividends to its shareholders since the establishment of this utility corporation. The dividend yields are also increasing steadily. Moreover, the stock price has dropped to its lowest level. So, it's the best time to buy this stock and enjoy the higher dividend yields for many years.

Read Also: Are Utility Stocks in a Recession - Are Utility Stocks a Good Buy Now?


D, Buy

Dominion Energy Inc
Return: -27.42%

D, Buy

Return: -27.42%

Sound investments
don't happen alone

Find your crew, build teams, compete in VS MODE, and identify investment trends in our evergrowing investment ecosystem. You aren't on an island anymore, and our community is here to help you make informed decisions in a complex world.

More Reads
Fundraising For Cryptocurrency Projects: Here’s Everything You Need to Know

Thinking of raising funds for your crypto project? Find out how.

Best Solana NFTs To Buy in 2022

Looking for the best Solana NFTs in 2022? Find out in this article.

Five Below stock growth, earning report, buy or sell, and news

Five Below Inc., often known as fiVe BEL°W in abbreviated form. It is a chain of specialist discount stores in the United States. Learn more!

How to Improve Credit Score to Get a Mortgage

Make Sure the Dream of Home Ownership is in Your Grasp!

The Three Main Pillars of Trading / Investing

A Broad Overview of Where to Start

Utility Stocks in a Recession- Are Utility Stocks a Good Buy Now?

Utility stocks in a recession perform really well. So are utility stocks a good buy now when inflation is higher? Let's discover it!

SRE Stock Forecast and the Latest Earnings Report

SRE stock forecast is very impressive as many analysts are expecting this stock to outperform the market. Let's learn how!

The Debt Avalanche Method

This Method Can Help Get You Debt-Free Faster!

How to Screen for Utility Stocks

Utility stocks are great for generating income and lowering the risk of your stock portfolio. But how exactly do you find the right utility stock to buy? This guide walks through how to use screeners to find the right utility stock.

How to Overcome Debt Problems

From Avoiding Debt to Overcoming Old Debts, a Look at Solutions!

What is Insurance? And How do I Get Affordable Insurance?

Insurance coverage is a funny thing. Everyone seems to have some sort of idea what it is, most think they need it but not urgently, everyone has it for their car, and some have way too much.

What are I Bonds & How do they work?

Series I Savings Bonds (also known as I Bonds) are a type of bond offered by the US government designed to keep pace with inflation.

STAG Industrial: Perfect Time to Buy This 5% Yielding, Monthly Dividend Paying REIT?

Who is STAG Industrial? STAG is a Real Estate Investment Trust (REIT) that specializes in acquiring and managing industrial properties throughout the United States

Dividend Kings In Focus: Kimberly-Clark

Kimberly-Clark (KMB) increased its dividend for the 50th consecutive year at the start of 2022. As a result, it has joined the list of Dividend Kings.

What is a 401(K)?

When you enter the working world or change your job, one of your first matters of business is setting up a retirement such as a 401(k) plan. But what exactly is a 401(k)? Let’s explore the answers to some common questions.

US Economy Is Set To Rebound In Thursday’s Q3 GDP Report

Economic activity for the US for the third quarter is on track to recover in this week’s initial estimate from the government, based on the median for a set of estimates compiled by CapitalSpectator.com

Is BBY A Buy or Sell? Is Best Buy still the Best Buy For Investors?

On one side, the end of the pandemic revived many businesses to the pre-Covid situation; it has negatively affected the growth of other companies. BBY is one of those businesses affected negatively.

How To Pick Stocks; The Professional Way

An Offer To Write a Series of Articles

What Effected The Market This Week

Stock Market Commentary

Resources for Publishers
Resources for New Investors
Boosted with BossCoin