Jefferies upgrades Dominion Energy to 'buy', sees NextEra merger adding value

Dominion Energy

28/05/2026 12:22

** Jefferies upgrades Dominion Energy  D.N  to "buy" from
"hold"; raises PT to $76 from $65
    ** New PT implies a 13% premium to the stock's last close
    ** Brokerage raises its price target on expectations that
the NextEra Energy  NEE.N  merger will close, offering
attractive risk-adjusted returns as the buyer's valuation
premium recovers
    ** Says even if the transaction fails, a stronger standalone
outlook backed by a massive breakup fee and supportive state
legislation will fund capital projects and drive faster earnings
growth
    ** Two of 18 brokerages rate the stock "buy" or higher and
16 "hold"; median PT is $67 - data compiled by LSEG
    ** As of last close, Dominion Energy up ~15% YTD

 (Reporting by Dharna Bafna in Bengaluru)
 ((mailto:dharna.bafna@thomsonreuters.com))