Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Investing.com - BMO Capital has lowered its price target on Dominion Resources, Inc. (NYSE:D) to $65.00 from $67.00 while maintaining a Market Perform rating. The new target still suggests upside potential from the current price of $58.69, aligning with InvestingPro data showing the stock is currently undervalued based on Fair Value assessments.
The adjustment follows Dominion’s third-quarter 2025 results, which showed earnings of $1.06 per share, exceeding both BMO and consensus estimates of $0.95 per share. The company’s trailing twelve-month EPS stands at $3.07, with analysts forecasting $3.42 for full-year 2025.
Dominion management has narrowed its 2025 guidance range to $3.33-3.48, keeping the $3.40 midpoint unchanged, while investor interest during the earnings call primarily focused on progress and timeline updates for the Coastal Virginia Offshore Wind (CVOW) and Charybdis projects. With a PEG ratio of 0.91, InvestingPro identifies Dominion as trading at a low P/E ratio relative to its near-term earnings growth, though the company is quickly burning through cash with negative free cash flow.
BMO has updated its 2025 EPS estimate to $3.43 from $3.46 based on year-to-date weather and sales data, while maintaining its 2026 and 2027 estimates and raising 2028 and 2029 forecasts to $4.07 and $4.28, respectively. Despite cash flow challenges, Dominion offers a solid 4.55% dividend yield and has maintained dividend payments for 43 consecutive years, according to InvestingPro data.
The price target adjustment reflects BMO’s mark-to-market and sum-of-the-parts valuation, which incorporates the extension of 45Z credits from the Offshore Build Back Better Act (OBBBA). With revenue growth of 8.36% and analyst targets ranging from $54 to $70, investors seeking deeper insights can access Dominion’s comprehensive Pro Research Report, available exclusively through InvestingPro.
In other recent news, Dominion Energy reported third-quarter 2025 adjusted earnings that slightly surpassed analyst expectations. Alongside the earnings announcement, the company narrowed its full-year guidance range for 2025. In another significant development, Dominion Energy has expanded its at-the-market equity offering program by $1.8 billion. This increase in the authorized amount allows for more common stock to be available for sale under its existing sales agency agreements. The company communicated this update to its sales agents and forward purchasers, which include prominent firms such as Barclays Capital, BMO Capital Markets, and Goldman Sachs. These recent developments reflect Dominion Energy’s ongoing efforts to manage its financial strategies and market presence.
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