Dominion Energy stock (US25746U1097): Jefferies upgrade and Norges Bank stake put US utility in focus

Dominion Energy is drawing fresh attention on the New York Stock Exchange after Jefferies Financial Group raised its stance on the US utility to buy and Norges Bank disclosed a sizable new equity position worth more than USD 650 million, highlighting renewed institutional interest in the Richmond-based group.MarketBeat as of 06/01/2026

According to Jefferies, the rating on Dominion Energy was lifted from hold to buy and the 12-month price target increased from USD 65 to USD 76 in a recent research note, while Norges Bank reported a new stake of 11,181,800 shares in its latest 13F filing with the US Securities and Exchange Commission, valuing the position at roughly USD 655.1 million and corresponding to about 1.31 percent of the company.MarketBeat as of 06/01/2026

The stock traded at around USD 52 on 05/31/2026 on the NYSE under the ticker D, reflecting its role as a member of the US utilities universe and giving the company a multi-billion-dollar market capitalization, according to recent exchange data from New York.New York Stock Exchange as of 05/31/2026

As of: 06/01/2026

By the editorial team - specialized in equity coverage.

Dominion Energy: core business model

Dominion Energy primarily focuses on regulated power and gas networks in the Mid-Atlantic and Southeast of the United States, with earnings largely driven by allowed returns on its electric and gas distribution, transmission assets and related infrastructure projects.

What banks and research houses say about Dominion Energy

Jefferies Financial Group recently moved its view on Dominion Energy from hold to buy and raised its target price from USD 65 to USD 76 in a research report, signaling a more constructive stance on the US utility's risk-reward profile.MarketBeat as of 06/01/2026

Aggregation of analyst opinions shows that Wall Street coverage of Dominion Energy includes a mix of hold and buy ratings, with Jefferies' upgraded view and higher price objective adding to the debate about valuation and future returns in the regulated US utilities space.MarketBeat as of 05/31/2026

Conclusion

The combination of a Jefferies rating upgrade with a higher USD 76 price target and the disclosure of a USD 655 million Norges Bank position has brought Dominion Energy back into the spotlight on the US equity market. For investors tracking regulated utilities, these developments frame the current debate around the company's valuation and its role in income-oriented and defensive portfolios without changing the underlying regulated-infrastructure profile.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.