Dominion Energy

D

Market cap $57B

The Schwab U.S. Dividend Equity ETF holds 100 top dividend stocks. The Vanguard Total Bond Market ETF provides broad exposure to high-quality bonds.

NEE and D boost renewables, storage and grid upgrades to meet rising power demand and support cleaner energy goals.

NextEra Energy is merging with Dominion Energy. NextEra was already the largest U.S. utility, and now it will be even bigger.

D strikes an all-stock merger with NextEra, offers 0.8138 shares per share and projects over 9% annual EPS growth through 2032.

NextEra Energy (NYSE:NEE | NEE Price Prediction) announced on May 18, 2026 an all-stock agreement to acquire Dominion Energy (NYSE:D) for $67 billion, a figure the press release frames as the

The acquisition will make NextEra Energy the top renewable and nuclear company in the country. The deal comes amid unprecedented energy demands from data centers and hyperscalers.

NextEra's $66.8B Dominion deal fuels AI-driven power demand, making utility ETFs like XLU timely plays.

I am rating Dominion (D) a Strong Buy because I believe the company is increasingly becoming a regulated power infrastructure platform for AI and data center demand. The growth drivers are data center load, CVOW execution, storage, proposed NextEra merger, which creates a larger platform with more than 130GW of large-load opportunities and expected 9% EPS growth. My EBITDA estimations assume Dominion can move from an implied FWD EBITDA base of $8.5Bn to $11.271Bn by 2029 to 2030 driven by data center load conversion.

NextEra and Dominion Energy's massive merger may depend on ​whether the combined company can keep power bills in check even as it rushes to supply the energy-hungry data ‌centers that have pushed consumer electricity prices higher.

How and how much energy we'll consume tomorrow and beyond is to some degree unknown. If readers are doubtful, they need only travel back in time to January 27, 2025.