Dominion Energy: Hold Rating Amid Growth Prospects and Macroeconomic Uncertainties

Analyst James Thalacker from BMO Capital maintained a Hold rating on Dominion Energy (D – Research Report) and keeping the price target at $59.00.

James Thalacker has given his Hold rating due to a combination of factors impacting Dominion Energy’s outlook. The company is expected to report earnings in line with consensus estimates, showing significant year-over-year growth. However, the potential impact of tariffs and broader macroeconomic pressures on the CVOW project could affect cost estimates and schedules, which introduces uncertainty.
Despite the company’s improved fundamentals and a favorable position for regulated growth, shares have underperformed peers and are trading at a discount. While the risk/reward profile appears positive, ongoing macro and political uncertainties during the CVOW construction phase warrant a cautious approach, leading to a Hold rating.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of D in relation to earlier this year.