Barclays Cuts Dominion Energy (D) Price Target to $65
Key Points
- Barclays reaffirmed its Overweight rating on Dominion Energy Inc. on October 19, 2026, lowering its price target to $65.00 from $69.00.
- Barclays's $65 price target implies 4.52% upside from Dominion Energy, Inc.'s ($D) current $62.19 share price.
- Dominion Energy recently posted trailing twelve month revenue of $18.1 billion alongside earnings of $2.89 per share, ahead of its upcoming report on October 30, 2026.
- Wall Street currently maintains a consensus buy recommendation on the utility provider with an average price target of $71.58 across 12 analyst opinions.
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Barclays reiterated its Overweight rating on Dominion Energy, Inc. NYSE: D on October 19, 2026, while lowering its price target from $69.00 to $65.00. The research note reflects the firm's forward-looking stance on the utility provider as shares traded near the $62.19 mark on the day of the update. Dominion Energy closed at $62.21 on October 19, 2026.
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Dominion Energy, Inc.
Barclays vs. the S&P 500
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Barclays's Call on Dominion Energy
In its research note published on October 19, 2026, Barclays maintained its Overweight rating on the stock and adjusted its price target to $65.00 from $69.00. The updated target sits below the broader analyst consensus mean price of $71.58 while remaining above the lower end of analyst projections.
Other Institutional Activity in Dominion Energy
Other major institutional investors adjusted their positions in Dominion Energy ahead of the update. Massachusetts Financial Services Co. trimmed its holdings by 6,591,626 shares, ending with 20,030,451 shares valued at about $1.25 billion. Dodge & Cox Inc. reduced its stake by 1,174,523 shares to hold 18,303,470 shares worth about $1.14 billion.
Dominion Energy, Inc. Stock Down 1.0%
Shares of Dominion Energy recently traded around $62.19 as of October 19, 2026. The stock closed at $62.21 on October 19, 2026. The share price sits below its 50-day moving average of $64.56 and its 200-day moving average of $64.49. The company carries a market capitalization of roughly $55.29 billion.
$D price target
Dominion Energy, Inc. daily closes and this analyst's $65 target. Not advice.
Recent Earnings
Dominion Energy reported trailing twelve month revenue of $18.12 billion with earnings of $2.89 per share. The company generated a net profit margin of 14.0% and a return on equity of 8.3%. Revenue grew 17.6% year-over-year. Investors look ahead to the company's next earnings release scheduled for October 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 2.3%. Revenue beat estimates by 11.8%.
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Profit surprise
EBITDA missed by 4 percent. Operating income beat by 6 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 5 target raises, 1 target cut.
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Earnings quality
Gross margin up 1.0 points. Operating margin down 2.0 points. Positive free cash flow.
Earnings Call Summary
First quarter operating earnings came in at 0.95 per share, beating expectations of 0.89. The Coastal Virginia Offshore Wind project is 75 percent complete and achieved first power to customers in March. The company has 10.4 gigawatts of data center capacity contracted and continues to see strong demand in Virginia. New Virginia legislation expanding energy storage requirements could open up 20 additional gigawatts of opportunity, which management will reflect in capital planning next year.
Guidance Dominion reaffirmed its full year earnings guidance of 5 to 7 percent growth with a bias toward the upper half starting in 2028. The company did not provide specific revenue or earnings targets for coming quarters but said it remains on track with its capital plan and financial commitments.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
Dominion Energy pays an annualized dividend that offers a yield of 4.25%, backed by a dividend payout ratio of 92.4%.
Insider Buying and Selling at Dominion Energy, Inc.
Chief Executive Officer Robert M. Blue purchased 4,152 shares of company stock on August 27, 2025, at an average price of $60.35 for a total value of $250,557.
Analysts Set New Price Targets
Wall Street firms have maintained mixed views on the utility operator ahead of Barclays's update. TD Cowen upgraded the stock to a Buy rating with a target of $80.00 on August 19, 2026. Morgan Stanley maintained an Equal-Weight rating with a $68.00 target on August 21, 2026, and later adjusted its target to $66.00 on September 18, 2026. Truist Securities maintained a Hold rating and a $62.00 target on October 12, 2026. Overall, the company holds a consensus buy recommendation from 12 analysts.
About Dominion Energy
Dominion Energy, Inc. operates as a regulated electric and natural gas utility provider in the United States, delivering power to millions of residential, commercial, and industrial customers primarily across Virginia and North Carolina through its core operating segments.
Bottom Line
Barclays's decision to maintain its Overweight rating while trimming its price target comes just ahead of Dominion Energy's next earnings report on October 30, 2026. Investors continue to monitor institutional adjustments and upcoming financial results to gauge near-term momentum.
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Source: Barclays's rating change on $D (Oct 19, 2026). Written by software, not financial advice. How we make alerts