Dominion and Duke Land on Dividend List as Analysts Lift Price Targets

Overview

• Insider Monkey placed Dominion Energy and Duke Energy in its list of the 12 best utility stocks to buy for dividends on October 25.
• Barclays’ Nicholas Campanella raised Dominion’s price target to $63 earlier this month and maintained an Overweight rating.
• Morgan Stanley’s David Arcaro increased Duke’s price target to $136 with an Equal Weight rating and flagged data center pipelines and interconnection timelines as key topics for upcoming Q3 updates.
• Dominion cites roughly 40 GW of contracted data center load with plans to grow that footprint, more than $50 billion of investment through 2029, and a 5%–7% EPS growth outlook, while its 2.6 GW Coastal Virginia Offshore Wind project remains on schedule for first power in early 2026 and full completion by year-end 2026.
• Duke targets 5%–7% EPS growth through 2029 supported by an $83 billion grid program and a 99-year dividend streak, with its next earnings report scheduled for November 7.