Dominion Energy, Inc. (D) AI Stock Analysis

NYSE: DAI research summary: business, growth, valuation, analysts, bull and bear case.

D AI stock analysis summary

AI Research

Dominion Energy, Inc. (D) is a regulated utility operating electric and natural gas operations across multiple states, serving millions of customer accounts. In FY2025, revenue reached $16.51B with a net margin of 18.2%, up from $14.46B in FY2024. The company maintains a 4.20% dividend yield alongside total debt of $53.42B as of June 30, 2026.

Market cap
$55.90B
Revenue (TTM)
$18.12B
P/E
22.0x
fwd 15.9x
1Y return
9.3%
S&P 500 16.8%
Avg. target
$71.58
12.6% vs last close

Bull case

  • Revenue climbed 14.2% to $16.51B in FY2025, supported by a 5-year revenue CAGR of 3.1%.
  • Operating margin expanded to 26.7% in FY2025 and reached 29.2% over the trailing twelve months.
  • Analyst consensus sets a mean price target of $71.58, indicating 12.6% upside relative to the $63.56 closing price.

Bear case

  • Free cash flow stood at -$7.28B in FY2025 following $12.64B in capital expenditures.
  • The company carries total debt of $53.42B and a debt-to-equity ratio of 1.85 as of June 30, 2026.
  • Quarterly earnings growth for the quarter ended June 30, 2026, declined 58.0% year-over-year.

What Dominion Energy does

Dominion Energy, Inc. is an energy producer and distributor operating across four key segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. Dominion Energy Virginia provides regulated electricity generation, transmission, and distribution to over 2.7 million customers in Virginia and North Carolina. The Gas Distribution segment supplies regulated natural gas to approximately 3.1 million customers across Ohio, West Virginia, and North Carolina. Dominion Energy South Carolina serves approximately 772,000 electricity customers and about 419,000 natural gas customers. Contracted Assets operates nonregulated renewable electric generation, solar development, gas transportation, LNG import, storage, and liquefaction facilities.

Growth and profitability

Dominion Energy grew annual revenue from $11.42B in FY2021 to $16.51B in FY2025, posting a 5-year revenue CAGR of 3.1% from FY2020 to FY2025. Annual revenue grew 14.2% in FY2025, with net income rising to $3.00B and net margin improving to 18.2%. Operating margin expanded from 10.4% in FY2022 to 26.7% in FY2025. Over the trailing twelve months, revenue reached $18.12B, operating margin was 29.2%, and EPS was $2.89. In the latest quarter ended June 30, 2026, quarterly revenue grew 17.6% year-over-year, while quarterly earnings declined 58.0% year-over-year.

D income statement →

Balance sheet and cash flow

As of June 30, 2026, Dominion Energy held $296.0M in cash and short-term investments against $53.42B in total debt, resulting in net debt of $53.13B. Shareholders' equity was $28.92B, yielding a debt-to-equity ratio of 1.85 and a current ratio of 0.81. In FY2025, the company generated $5.36B in operating cash flow but recorded free cash flow of -$7.28B after $12.64B in capital expenditures. Cash outflows also included $2.28B in dividends paid, while share issuance brought in $1.49B.

D balance sheet →

Valuation and performance

Dominion Energy trades at a trailing P/E of 22.0x, slightly above the median of its S&P 500 Utilities peers of 20.9x. Its forward P/E of 15.9x is in line with the peer median of 16.0x, while its EV-to-EBITDA ratio of 13.5x exceeds the peer median of 12.2x. The price-to-sales multiple is 3.1x versus the peer median of 2.9x. Over the past year, the stock returned 9.3% compared to 16.8% for the S&P 500 (SPY). Over a 5-year span, the stock gained 8.9% while SPY gained 83.0%.

D key metrics →

D dividend

Dominion Energy pays a quarterly dividend with an annual forward payout of $2.67, translating to a dividend yield of 4.20% and a payout ratio of 76.7%. The company has paid dividends for 43 consecutive years. Its 5-year annualized dividend growth declined 5.0%, and its last ex-dividend date occurred on September 4, 2026.

D dividend history →

What analysts expect

Analyst ratings consist of 3 Strong Buy, 2 Buy, and 11 Hold recommendations, with zero Sell or Strong Sell ratings. The mean price target is $71.58, representing 12.6% upside from the last close of $63.56. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $18.16B and EPS of $3.59. The company beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is October 30, 2026.

D forecast and price target →

Key risks and what to watch

  • A low current ratio of 0.81 and cash reserves of $296.0M present liquidity constraints against $53.42B in total debt.
  • Substantial annual capital expenditures of $12.64B contributed to negative free cash flow of -$7.28B in FY2025.
  • A dividend payout ratio of 76.7% and a 5-year annualized dividend growth decline of 5.0% reflect ongoing dividend pressures.
  • The stock has trailed the broader market, returning 9.3% over the past year compared to 16.8% for the S&P 500.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this D AI stock analysis

This page is an AI-written research summary of Dominion Energy, Inc. (D). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: D income statement, D balance sheet, D key metrics, D analyst forecast, D chart. See the D stock overview for the latest quote and news.

D AI stock analysis FAQ

What dividend does Dominion Energy pay?

Dominion Energy pays a quarterly dividend with an annual forward amount of $2.67, representing a 4.20% dividend yield. The payout ratio is 76.7%, and the company has paid dividends for 43 consecutive years.

How does Dominion Energy's valuation compare to its peers?

Dominion Energy trades at a forward P/E of 15.9x, near the median of its S&P 500 Utilities peers of 16.0x. Its EV-to-EBITDA ratio of 13.5x and price-to-sales ratio of 3.1x both sit above the peer medians of 12.2x and 2.9x, respectively.

What are Dominion Energy's revenue and earnings expectations for FY2026?

For the fiscal year ending December 31, 2026, analysts estimate revenue of $18.16B and EPS of $3.59, representing projected EPS growth of 4.9%.

How leveraged is Dominion Energy's balance sheet?

As of June 30, 2026, Dominion Energy held $53.42B in total debt and $296.0M in cash, leading to a debt-to-equity ratio of 1.85 and net debt of $53.13B.

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