Dominion Energy, Inc. (NYSE: D) is a leading energy company headquartered in Richmond, Virginia. It supplies electricity and natural gas to over 7 million customers in several states and operates an extensive energy infrastructure, including power stations, electric transmission lines, and natural gas pipelines across the United States.
Key Takeaways:
- Dominion Energy’s stock price is expected to experience steady growth over the next two decades, driven by the company’s strategic initiatives and favorable industry trends.
- The projected stock price for 2050 is $750, demonstrating significant long-term growth potential.
- Factors such as renewable energy investments, regulatory landscapes, and economic conditions will play a pivotal role in shaping Dominion Energy’s stock price trajectory.
Overview of Dominion Energy
Dominion Energy, Inc. (NYSE: D) is a prominent American energy corporation based in Richmond, Virginia. The company traces its roots back to the early 1900s, when it began as a provider of electricity to Virginians through the Virginia Electric and Power Company (VEPCO) and Virginia Power.
Over the decades, Dominion Energy grew through mergers and acquisitions of various energy firms. A significant milestone was the 2016 acquisition of Questar Corporation, which expanded Dominion’s operations into the natural gas sector. This strategic move enabled the company to supply natural gas to customers across Utah, Wyoming, and other western states, in addition to its existing electricity services.
Dominion Energy Company Profile
| Country | United States |
| Ticker Symbol | D |
| Exchange | NYSE |
| Founded | 1983 |
| IPO Date | 1984 |
| Industry | Utilities |
| Sector | Energy |
| Employees | 17,700 |
| CEO | Robert M. Blue |
| Market Cap (June 17, 2024) | $41.54 billion |
| Website | dominionenergy |
Dominion Energy (D) Balance Sheet Analysis
Dominion Energy, Inc. (NYSE: D) reported total assets of $109.03 billion in 2023, up from $104.80 billion in 2022. Total liabilities increased to $81.50 billion from $77.14 billion. The company’s total equity remained stable at $27.53 billion.
Total capitalization was $60.59 billion, while net tangible assets stood at $22.44 billion. Working capital improved to $0.91 billion. Total debt grew to $44.24 billion, and net debt increased to $43.87 billion, reflecting financing for growth initiatives.
The common stock equity was $25.75 billion, and preferred stock equity was unchanged at $1.78 billion. Dominion Energy maintained a strong asset base, manageable debt load, and stable equity position.
Overall, the 2023 balance sheet highlights the company’s solid financial footing, positioning it well for future expansion and operational growth.
Balance Sheet Data Source: finance.yahoo
Dominion Energy Stock Price History
Dominion Energy, Inc. (NYSE: D) had its IPO in the year 1984. In 1992, Dominion Energy (D) underwent a 3-for-2 stock split, increasing the number of outstanding shares by 1.5 times. Subsequently, in 2007, the company executed another 2-for-1 split, resulting in a cumulative multiplier of 3 times the original number of shares held before 1992.1
The stock price as of June 17, 2024, stands at $49.72.
Dominion Energy Stock Price Forecast 2024
For the year 2024, we anticipate Dominion Energy’s stock price to range between $52 and $58, with an average price of $55. This forecast is based on the company’s robust financial performance, strategic investments in renewable energy sources, and favorable regulatory environment. Dominion Energy’s commitment to operational efficiency and cost optimization is expected to contribute to its strong financial results in 2024.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $36 | $55 | $58 |
Dominion Energy Stock Price Forecast 2025
In 2025, Dominion Energy’s stock price is expected to continue its upward momentum, driven by the company’s commitment to sustainable energy solutions and operational efficiency. The projected price range for 2025 is $58 to $64, with an average price of $61, representing a growth of approximately 10.9% from the previous year. The company’s ongoing investments in clean energy technologies and diversification of its energy portfolio will likely fuel its growth in 2025.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $58 | $61 | $64 |
Dominion Energy Stock Price Forecast 2026
As Dominion Energy continues to execute its strategic plans and capitalize on emerging opportunities, the stock price is forecasted to range between $64 and $71 in 2026, with an average price of $67.50, reflecting a year-over-year growth of approximately 10.7%. The company’s focus on grid modernization and customer service enhancements is expected to contribute to its strong performance in 2026.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $64 | $67.50 | $71 |
Dominion Energy Stock Price Forecast 2027
In 2027, Dominion Energy’s stock price is projected to experience continued growth, driven by the company’s focus on innovation and operational excellence. The forecasted price range is $71 to $78, with an average price of $74.50, representing a year-over-year growth of approximately 10.4%. The company’s strategic partnerships and collaborations with technology providers will likely support its growth initiatives in 2027.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $71 | $74.50 | $78 |
Dominion Energy Stock Price Forecast 2028
As Dominion Energy solidifies its position as a leader in the energy sector, the stock price is expected to range between $78 and $86 in 2028, with an average price of $82, reflecting a year-over-year growth of approximately 10%. The company’s expansion into new markets and geographic regions will likely contribute to its growth in 2028.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $78 | $82 | $86 |
Dominion Energy Stock Price Forecast 2029
In 2029, Dominion Energy’s stock price is forecasted to continue its upward trajectory, driven by the company’s strong financial performance and strategic initiatives. The projected price range is $86 to $94, with an average price of $90, representing a year-over-year growth of approximately 9.8%. The company’s focus on customer satisfaction and improved service delivery will likely support its growth in 2029.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $86 | $90 | $94 |
Dominion Energy Stock Price Forecast 2030
As Dominion Energy continues to capitalize on emerging opportunities and drive innovation in the energy sector, the stock price is expected to range between $94 and $103 in 2030, with an average price of $98.50, reflecting a year-over-year growth of approximately 9.4%. The company’s investments in energy storage solutions and microgrids will likely contribute to its growth in 2030.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $94 | $98.50 | $103 |
Related: Constellation Energy Corporation (CEG) Stock Forecast & Price Prediction
Dominion Energy Stock Price Forecast 2031
In 2031, Dominion Energy’s stock price is projected to experience continued growth, driven by the company’s commitment to sustainability and operational excellence. The forecasted price range is $103 to $113, with an average price of $108, representing a year-over-year growth of approximately 9.6%. The company’s focus on reducing its carbon footprint and embracing clean energy technologies will likely support its growth in 2031.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $103 | $108 | $113 |
Dominion Energy Stock Price Forecast 2032
As Dominion Energy solidifies its position as a leader in the energy sector, the stock price is expected to range between $113 and $124 in 2032, with an average price of $118.50, reflecting a year-over-year growth of approximately 9.7%. The company’s strategic acquisitions and partnerships will likely fuel its growth and expansion in 2032.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $113 | $118.50 | $124 |
Dominion Energy Stock Price Forecast 2033
In 2033, Dominion Energy’s stock price is forecasted to continue its upward momentum, driven by the company’s strong financial performance and strategic initiatives. The projected price range is $124 to $136, with an average price of $130, representing a year-over-year growth of approximately 9.7%. The company’s focus on developing new energy solutions and improving operational efficiency will likely contribute to its growth in 2033.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $124 | $130 | $136 |
Dominion Energy Stock Price Forecast 2034
As Dominion Energy continues to capitalize on emerging opportunities and drive innovation in the energy sector, the stock price is expected to range between $136 and $149 in 2034, with an average price of $142.50, reflecting a year-over-year growth of approximately 9.6%. The company’s investments in advanced energy technologies and digital transformation initiatives will likely support its growth in 2034.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $136 | $142.50 | $149 |
Dominion Energy Stock Price Forecast 2035
In 2035, Dominion Energy’s stock price is projected to experience continued growth, driven by the company’s commitment to sustainability and operational excellence. The forecasted price range is $149 to $163, with an average price of $156, representing a year-over-year growth of approximately 9.5%. The company’s focus on renewable energy integration and grid resilience will likely contribute to its growth in 2035.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $149 | $156 | $163 |
Dominion Energy Stock Price Forecast 2036
As Dominion Energy solidifies its position as a leader in the energy sector, the stock price is expected to range between $163 and $178 in 2036, with an average price of $170.50, reflecting a year-over-year growth of approximately 9.3%. The company’s efforts to enhance customer engagement and implement smart grid technologies will likely support its growth in 2036.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $163 | $170.50 | $178 |
Dominion Energy Stock Price Forecast 2037
In 2037, Dominion Energy’s stock price is forecasted to continue its upward trajectory, driven by the company’s strong financial performance and strategic initiatives. The projected price range is $178 to $194, with an average price of $186, representing a year-over-year growth of approximately 9.1%. The company’s expansion into international markets and strategic partnerships will likely fuel its growth in 2037.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $178 | $186 | $194 |
Dominion Energy Stock Price Forecast 2038
As Dominion Energy continues to capitalize on emerging opportunities and drive innovation in the energy sector, the stock price is expected to range between $194 and $211 in 2038, with an average price of $202.50, reflecting a year-over-year growth of approximately 8.9%. The company’s focus on developing cutting-edge energy storage solutions and exploring alternative energy sources will likely contribute to its growth in 2038.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $194 | $202.50 | $211 |
Dominion Energy Stock Price Forecast 2039
In 2039, Dominion Energy’s stock price is projected to experience continued growth, driven by the company’s commitment to sustainability and operational excellence. The forecasted price range is $211 to $229, with an average price of $220, representing a year-over-year growth of approximately 8.6%. The company’s investments in energy efficiency programs and demand-side management initiatives will likely support its growth in 2039.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $211 | $220 | $229 |
Dominion Energy Stock Price Forecast 2040
As Dominion Energy solidifies its position as a leader in the energy sector, the stock price is expected to range between $229 and $248 in 2040, with an average price of $238.50, reflecting a year-over-year growth of approximately 8.4%. The company’s focus on developing innovative energy solutions for commercial and industrial customers will likely drive its growth in 2040.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $229 | $238.50 | $248 |
Dominion Energy Stock Price Forecast 2050
Looking ahead to 2050, Dominion Energy’s stock price is projected to reach a remarkable level of $750, driven by the company’s continued focus on sustainable energy solutions, operational efficiency, and strategic investments in emerging technologies. This ambitious forecast reflects the company’s commitment to long-term growth and its ability to adapt to the evolving energy landscape. The company’s leadership in renewable energy generation, energy storage, and smart grid technologies will likely be key drivers of its growth in 2050.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $700 | $750 | $800 |
Conclusion
Dominion Energy’s stock price forecast paints a promising picture of steady growth and significant long-term potential. The company’s strategic initiatives, commitment to sustainability, and ability to adapt to changing market dynamics position it for success in the years to come. As the demand for reliable and clean energy solutions continues to rise, Dominion Energy’s diversified portfolio and focus on innovation will be key drivers of its stock price performance.
FAQs
1. What is the future of Dominion Energy share price?
According to our analysis, the future of Dominion Energy’s share price looks promising. We project steady growth over the next two decades, with the stock price reaching remarkable heights by 2050. Specifically, we anticipate the share price to be around $98.50 in 2030, $156 in 2035, $202.50 in 2039, and an impressive $750 by 2050.
This growth is expected to be driven by several factors, including Dominion Energy’s strategic initiatives, investments in renewable energy sources, commitment to sustainability, and ability to adapt to changing market dynamics. The increasing demand for reliable and clean energy solutions, coupled with favorable regulatory environments and technological advancements, will likely fuel this upward trajectory.
2. What is the Dominion Energy share prediction for 2030?
Our analysis predicts that Dominion Energy’s share price will reach approximately $98.50 by 2030. This represents a significant increase from the current price of $49.72 as of June 17, 2024.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $94 | $98.50 | $103 |
The growth in 2030 is expected to be driven by Dominion Energy’s strong financial performance, commitment to sustainable practices, and the increasing emphasis on energy security and the adoption of renewable energy sources.
3. What is the Dominion Energy 10-year outlook?
Over the next 10 years, our analysis suggests a positive outlook for Dominion Energy’s share price. By 2034, we anticipate the share price to reach approximately $142.50, representing a substantial increase from the current levels.
This growth is expected to be fueled by Dominion Energy’s diversified portfolio, strategic acquisitions, focus on innovative solutions, and ability to adapt to changing market dynamics. The increasing demand for clean energy and the adoption of advanced technologies are likely to contribute to this upward trajectory.
4. Is Dominion Energy a buy, hold, or sell?
Based on our comprehensive analysis, Dominion Energy can be considered a strong “buy” for investors seeking long-term growth potential in the energy sector. The company’s robust growth strategies, commitment to sustainability, and favorable industry trends position it for substantial share price appreciation in the coming years.
5. Who are the major competitors of Dominion Energy?
Dominion Energy operates in a competitive landscape and faces rivalry from several major players in the energy sector. Some of the company’s key competitors include:
- Duke Energy Corporation
- NextEra Energy, Inc.
- Southern Company
- Exelon Corporation
- American Electric Power Company, Inc.
- Xcel Energy Inc.
- Sempra Energy
- Consolidated Edison, Inc.
- Public Service Enterprise Group Inc.
- Entergy Corporation
These companies compete with Dominion Energy in various segments, including electricity generation, transmission, distribution, and natural gas storage and distribution. Ongoing competition, innovation, and shifts in market dynamics will play a crucial role in shaping the competitive landscape in the energy sector.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
Source:
