Dominion Energy (D) Stock Forecast & Price Target

Dominion Energy has demonstrated a positive management sentiment, reflecting an upward shift in their operational outlook supported by increasing demand in the financial services sector. The company's same-property net operating income (SPNOI) has shown improvement, with a year-over-year increase of 0.6%, indicating steady financial growth momentum heading into 2024. Additionally, completed leasing at Adelaide Place is expected to enhance annual net operating income by $2.5 million by 2026, further bolstering Dominion's financial health.

Dominion Energy's outlook appears negative as key occupancy metrics have declined, with in-place occupancy falling to 77.9%, signaling potential challenges in maintaining tenant engagement and revenue stability. The estimated 2025 funds from operations per unit (FFOPU) has also been revised downward by 4% to $2.45, which remains at the upper end of the company's revised guidance but reflects weaker performance than previously anticipated. Additionally, a decline in market rent, which fell by 1% to $28.92, further underscores concerns about Dominion's ability to achieve meaningful growth amidst a stagnating operational environment.