Wells Fargo has initiated coverage on Dominion Energy Inc (D), assigning the company an Overweight rating as of October 27, 2025. This marks the firm’s first assessment of Dominion's investment potential, reflecting its analysis of the company's business model, industry dynamics, and growth prospects.
Dominion Energy, headquartered in Richmond, Virginia, operates in the utilities sector, focusing on energy production and distribution. The company employs approximately 14,700 full-time staff and is a significant player in renewable energy, developing and operating regulated offshore wind and solar power projects. Its segments include Dominion Energy Virginia, which serves customers in Virginia and North Carolina, and Dominion Energy South Carolina, providing electricity and natural gas to various regions of South Carolina.
As of now, Dominion Energy's market capitalization stands at $52.0 billion, with a price-to-earnings ratio of 22.76 and an earnings per share figure of 2.70. The company also boasts a substantial dividend yield of 441.3%.
Looking ahead, Dominion is set to report its next earnings on July 29, 2026, with an estimated EPS of $0.78 and revenue of $4.4 billion. Recent earnings performance has shown positive surprises, including a Q3 2025 EPS of $1.06, exceeding estimates by 9.5%.
Analyst ratings, such as this latest one from Wells Fargo, provide insights based on research and financial models but should be considered alongside other factors, including company fundamentals, competitive positioning, and broader industry trends. Ratings can evolve as new information emerges, and differing opinions may arise among analysts regarding the same company.