Wells Fargo resumes coverage: Dominion Energy stock gains 1.35 percent

Published on 10/02/2026 at 16:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo set a USD 87.00 target on September 24, 2026. Dominion Energy stock costs EUR 54.74 after EUR 54.01.

Geometrisches Bauhaus-Poster in Primärfarben mit Pylonen und dem Text ENERGY — Dominion Energy Bauhaus-Poster mit geometrischen Formen Strommasten großem ENERGY-Text und Primärfarben US25746U1097, Illustration mit AI erstellt.

Dominion Energy (ISIN US25746U1097) was trading at EUR 54.74 at Lang & Schwarz on October 2, 2026 at 4:32 p.m. CEST, up 1.35 percent versus the prior close of EUR 54.01. Wells Fargo resumed coverage with a Buy rating and a USD 87.00 price target on September 24, 2026, according to Markets Insider.

Wells Fargo sets a higher bar

The USD 87.00 target stands above the latest U.S. market quote of USD 61.82 on October 2, 2026, although the euro reference price remains the required German trading perspective. The Wells Fargo call adds a bullish analyst view to a consensus picture that Markets Insider described as Hold with an average target of USD 73.57 on September 24, 2026.

The valuation debate comes against a wide trading range. Dominion Energy's 52-week range was USD 55.85 to USD 72.99 as of October 2, 2026, while its market capitalization was USD 54.4 billion on the same date.

Merger benefits remain the catalyst

The latest company event is the proposed combination with NextEra Energy. On September 14, 2026, the companies announced a Virginia benefits package that would provide USD 10.00 monthly residential bill credits for four years, expand EnergyShare assistance by USD 100.0 million through 2038 and create 1,000 direct jobs, according to Dominion Energy.

The proposal also includes a USD 100.0 million workforce development fund and a Virginia Supplier Program of up to USD 1.0 billion annually for five years. The transaction is expected to close in the second half of 2027, but regulatory approvals remain a central condition, according to StockTitan.

Second-quarter earnings show a split

Dominion Energy reported USD 4.48 billion of operating revenue in the second quarter of 2026, up from USD 3.81 billion in the second quarter of 2025. Operating earnings rose to USD 712.0 million, or USD 0.79 per share, from USD 649.0 million, or USD 0.75 per share, while GAAP net income fell to USD 340.0 million, or USD 0.37 per diluted share, from USD 760.0 million, or USD 0.88 per share, according to StockTitan.

Management reaffirmed full-year 2026 operating earnings guidance of USD 3.45 to USD 3.69 per share. The next earnings date listed for Dominion Energy is October 30, 2026.

Stock trades above its prior close

Dominion Energy stock was trading at EUR 54.74 at Lang & Schwarz on October 2, 2026 at 4:32 p.m. CEST, plus 1.35 percent versus the Lang & Schwarz prior close of EUR 54.01. The further course of trading is shown by the continuously updated real-time quote of Dominion Energy stock.