Truist cuts Dominion Energy target to USD 62 for Dominion Energy stock

Published on 10/16/2026 at 10:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 4.48 billion versus USD 4.04 billion expected. The next test for Dominion Energy stock is October 30, 2026 results.

Targets and reporting dates

Truist cut its Dominion Energy target from USD 66.00 to USD 62.00 on October 12, 2026.
Second-quarter revenue reached USD 4.48 billion versus USD 4.04 billion expected.
Dominion Energy stock traded at EUR 55.99 at 10:29 a.m. CEST at Lang & Schwarz on October 16, 2026.

Reportagefoto eines belebten Börsenhandelsraums mit Energiesektor-Charts auf großen Bildschirmen — Dominion Energy NYSE-Handelssaal mit Energiesektor-Charts auf Großbildschirmen aktiven Börsenhändlern und Tageslicht US25746U1097, Illustration mit AI erstellt.

Dominion Energy (ISIN US25746U1097) had its Truist price target cut from USD 66.00 to USD 62.00 on October 12, 2026, while the bank maintained a Hold rating, according to Investing.com. Dominion Energy was trading at EUR 55.99 at Lang & Schwarz on October 16, 2026 at 10:29 a.m. CEST.

Why the target was cut

Truist cited the regulatory review of Dominion Energy's proposed combination with NextEra Energy, including upcoming testimony and hearings in Virginia and South Carolina. The bank modeled USD 1.24 in third-quarter earnings per share and USD 3.59 for fiscal year 2026, within Dominion Energy's guidance range of USD 3.45 to USD 3.69, according to Investing.com.

What does the next quarter mean?

The second-quarter report provides a stronger operating reference than the target revision alone. Revenue reached USD 4.48 billion against USD 4.04 billion expected, while reported earnings per share came to USD 0.79 versus USD 0.68 expected, according to MarketBeat. The comparison shows why the regulatory timetable, rather than the latest quarterly beat, is central to the current analyst debate.

Three dated developments

On July 31, 2026, Dominion Energy reported second-quarter revenue of USD 4.48 billion and earnings per share of USD 0.79. On August 19, 2026, TD Cowen raised its target from USD 69.00 to USD 80.00, according to MarketBeat. On October 12, 2026, Truist cut its target from USD 66.00 to USD 62.00.

Upcoming regulatory dates

Intervenor testimony is scheduled for Virginia on October 19, 2026, and for South Carolina on October 28, 2026. Dominion Energy's third-quarter results are expected before the market opens on October 30, 2026, according to Yahoo Finance.

Stock valuation and next catalyst

Dominion Energy's market capitalization was USD 55.3 billion on October 15, 2026, and its 52-week range was USD 55.85 to USD 72.99. The upcoming report can provide a new test of the fiscal-year guidance while regulators assess the proposed transaction.

Dominion Energy was trading at EUR 55.99 at Lang & Schwarz on October 16, 2026 at 10:29 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Dominion Energy stock.