Scotiabank Raises Dominion Energy (D) Price Target Following Solid Execution

NodeGuardian · 2026-03-07T20:03:37+00:00

Scotiabank raised its price target for Dominion Energy to $67, citing strong company performance despite lower-than-expected annual profit projections. The firm plans to invest $64.7 billion from 2026 to 2030 to meet rising electricity demand, especially from data centers.

NodeGuardian

2026-03-07 20:03:37

Abstract generation in progress

Scotiabank has increased its price target for Dominion Energy (D) to $67 from $63, while maintaining a Sector Perform rating, citing the company’s strong execution. This adjustment follows Dominion Energy’s recent projection of lower-than-expected annual profit but an almost 30% increase in its five-year capital spending plan to meet rising electricity demand, particularly from data centers. The company plans to invest $64.7 billion between 2026 and 2030, driven by significant data center capacity contracts with major tech companies.

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