Barclays lowers Dominion Energy price target to $69, keeps Overweight rating

AnalystCorporate Action
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Summary · why it matters

Barclays analyst Nicholas Campanella lowered the price target on Dominion Energy to $69 from $70 while maintaining an Overweight rating. The adjustment was part of a second-quarter earnings preview. Dominion Energy provides regulated electricity to 3.6 million customers and natural gas to 500,000 customers across Virginia, North Carolina, and South Carolina. The company recently agreed to be acquired by NextEra Energy in a $66.8 billion deal that would create the largest regulated electric utility in the world, with the transaction expected to close in 12 to 18 months pending approvals.

Impact on stocks 3

Energy Transition & Power Demand · 2 stocks
Dominion Energy Inc
D
± MixedCapitalrelevance

Barclays lowered price target from $70 to $69 but maintained Overweight rating; also company is being acquired by NextEra Energy.

Nextera Energy Inc
NEE
▲ PositiveCapitalrelevance

NextEra Energy is acquiring Dominion Energy in a $66.8 billion deal, creating the largest regulated electric utility.

Financials · 1 stocks