03:05 PM EST, 03/05/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target $3 to $50, 14.8x our 2025 EPS estimate (down $0.06 to $3.37; we cut our 2024 estimate $0.18 to $2.91), a discount to peers given a flat near-term dividend growth profile and below D's historical average to reflect a higher interest rate environment. D recently shared the final results of its business review, in which the company laid out long-term (five-year) financing plans and capex goals, including $43.2B in spending and a 7.5% rate base CAGR target from 2024 to 2029. D also set a long-term EPS CAGR target midpoint of approximately 6% through 2029 (near our long-term expectations for peers), using a 2025 estimated EPS midpoint of $3.30 (below our prior expectations). D guides for the annual dividend to remain at $2.67 until it reaches a payout ratio in the "60s percent range," which consensus forecasts do not expect until 2027. In other words, we anticipate no near-term dividend growth. In the meantime, shares yield 5.7%, well above average for the industry.