Dominion Energy: Investor Day Disappoints Market but in Line With Our Expectations
We are maintaining our $46 Dominion Energy fair value estimate after management provided numerous financial updates as part of its investor day meeting. Dominion Energy initiated 2025 earnings guidance of $3.30 per share, slightly above our $3.20 estimate. Dominion also initiated long-term earnings growth guidance of 5% to 7%, also in line with our expectations, leaving our fair value unchanged.