Dominion Energy stock rises after TD Cowen lifts target
Dominion Energy's stock increased after TD Cowen raised its price target to $80 from $69, maintaining a Buy rating. The company reported strong Q2 earnings of $0.79 EPS and $4.48 billion in revenue, both exceeding consensus estimates. Despite a cautious consensus, the utility's growth is driven by rising power demand in Virginia, particularly from data centers, alongside its consistent dividend yield.
