Morgan Stanley Lowers Dominion Energy (NYSE:D) Price Target to $66.00

Key Points

• Morgan Stanley lowered Dominion Energy’s price target from $68 to $66 while maintaining an “equal weight” rating, implying approximately 3.43% upside from the prior close.
• Analyst sentiment remains mixed but leans neutral: Dominion has an average “Hold” rating and a consensus price target of $69.79, with five Buy, nine Hold, and one Sell rating.
• Dominion reported stronger-than-expected quarterly results, with EPS of $0.79 versus the $0.68 estimate and revenue of $4.48 billion, up 17.6% year over year.

Dominion Energy (NYSE:D - Get Free Report) had its price objective dropped by analysts at Morgan Stanley from $68.00 to $66.00 in a report released on Friday, Benzinga reports. The firm currently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's target price would indicate a potential upside of 3.43% from the stock's previous close.

D has been the subject of several other reports. TD Cowen upgraded Dominion Energy from a "hold" rating to a "buy" rating and increased their target price for the company from $69.00 to $80.00 in a report on Wednesday, August 19th. Mizuho boosted their price objective on Dominion Energy from $66.00 to $72.00 and gave the company a "neutral" rating in a research report on Tuesday, May 26th. UBS Group set a $80.00 price objective on Dominion Energy in a research note on Wednesday, August 19th. Barclays cut their target price on shares of Dominion Energy from $70.00 to $69.00 and set an "overweight" rating on the stock in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group raised shares of Dominion Energy from a "hold" rating to a "buy" rating and lifted their target price for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Dominion Energy presently has an average rating of "Hold" and an average price target of $69.79.

Dominion Energy Trading Down 0.7%

Shares of D stock traded down $0.48 on Friday, hitting $63.81. 1,366,135 shares of the company's stock traded hands, compared to its average volume of 5,584,014. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. Dominion Energy has a one year low of $55.85 and a one year high of $72.99. The company's fifty day simple moving average is $67.96 and its 200 day simple moving average is $65.86. The stock has a market capitalization of $56.12 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.96 and a beta of 0.64.

Dominion Energy (NYSE:D - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. Equities analysts forecast that Dominion Energy will post 3.57 EPS for the current year.

Institutional Trading of Dominion Energy

Several large investors have recently added to or reduced their stakes in D. Cornerstone Planning LLC increased its stake in Dominion Energy by 0.9% during the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider's stock valued at $1,180,000 after purchasing an additional 157 shares in the last quarter. Arlington Trust Co LLC lifted its stake in shares of Dominion Energy by 47.1% in the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider's stock worth $34,000 after buying an additional 160 shares in the last quarter. Navalign LLC grew its holdings in shares of Dominion Energy by 1.2% during the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider's stock valued at $880,000 after buying an additional 162 shares during the last quarter. Premier Path Wealth Partners LLC increased its position in shares of Dominion Energy by 1.7% during the second quarter. Premier Path Wealth Partners LLC now owns 9,795 shares of the utilities provider's stock valued at $669,000 after acquiring an additional 168 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC increased its position in shares of Dominion Energy by 4.1% during the second quarter. Turtle Creek Wealth Advisors LLC now owns 4,648 shares of the utilities provider's stock valued at $317,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 73.04% of the company's stock.

Dominion Energy Company Profile

Dominion Energy, Inc is a regulated energy company headquartered in Richmond, Virginia. Through its utility operations, the company generates, transmits and distributes electricity and provides natural gas service to residential, commercial and industrial customers, primarily in Virginia and South Carolina.

The company's electric generation portfolio includes nuclear, natural gas, renewable energy and hydroelectric resources. Dominion Energy also operates electric transmission and distribution networks, natural gas distribution systems and related energy infrastructure.

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