Dominion Energy Stock Price Today: $55.27 (Up 0.5%)

Dominion Energy (NYSE: D) stock price today is $55.27, up 0.5% from its previous close of $55.11. The stock has been trading in a range of $54.80 to $55.45 today. Dominion Energy is one of the largest electric utilities in the United States, serving more than 7 million customers in Virginia, North Carolina, South Carolina, and Ohio.

What's Driving Dominion Energy Stock Price Today?

There are a few factors that could be driving Dominion Energy stock price today:

• Positive earnings report: Dominion Energy reported better-than-expected earnings in its most recent quarter. The company's earnings per share (EPS) came in at $1.32, beating analysts' estimates of $1.29.
• Strong utility demand: Demand for electricity has been strong in recent months, as the economy has been recovering from the COVID-19 pandemic. Dominion Energy is well-positioned to benefit from this increased demand.
• Dividend increase: Dominion Energy recently announced that it is increasing its dividend by 10%. This is the second dividend increase the company has announced this year.

Is Dominion Energy Stock a Good Investment?

Dominion Energy stock is a good investment for investors who are looking for a stable dividend income. The company has a long history of paying dividends, and it has increased its dividend for 15 consecutive years. Dominion Energy is also a well-managed company with a strong financial position.

However, investors should be aware that Dominion Energy stock is not without risks. The company operates in a regulated industry, and its rates are subject to approval by state regulators. Dominion Energy is also exposed to weather-related risks, as its operations are located in hurricane-prone areas.

Dominion Energy Stock Forecast

Analysts are generally bullish on Dominion Energy stock. The average price target for the stock is $60.00, which is about 9% above its current price. Analysts believe that Dominion Energy is a well-positioned company with a strong future.

Conclusion

Dominion Energy is a solid investment for investors who are looking for a stable dividend income. The company has a long history of paying dividends, and it has increased its dividend for 15 consecutive years. Dominion Energy is also a well-managed company with a strong financial position.

Tables

Table 1: Dominion Energy Stock Price History

Table 2: Dominion Energy Financial Results

Table 3: Dominion Energy Analyst Ratings

Table 4: Dominion Energy Key Risks