Dominion Energy (NYSE:D) Given New $66.00 Price Target at Morgan Stanley

by · The Cerbat Gem

Dominion Energy (NYSE:D – Get Free Report) had its target price reduced by Morgan Stanley from $68.00 to $66.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 3.43% from the stock’s current price.

D has been the subject of several other research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dominion Energy in a report on Wednesday, August 19th. TD Cowen raised shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $80.00 in a research report on Wednesday, August 19th. BMO Capital Markets increased their price objective on shares of Dominion Energy from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. Barclays dropped their price objective 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, Mizuho upped their target price on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.79.

View Our Latest Research Report on Dominion Energy

Dominion Energy Stock Performance

NYSE D traded down $0.48 during trading hours on Friday, hitting $63.81. The company’s stock had a trading volume of 1,366,135 shares, compared to its average volume of 5,584,014. Dominion Energy has a 12 month low of $55.85 and a 12 month high of $72.99. The company’s 50 day simple moving average is $67.96 and its two-hundred day simple moving average is $65.86. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.81 and a quick ratio of 0.64. The company has a market cap of $56.12 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 2.96 and a beta of 0.64.

Dominion Energy (NYSE:D – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Dominion Energy had a net margin of 13.98% and a return on equity of 9.62%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.04 billion. During the same quarter last year, the firm posted $0.75 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, sell-side analysts expect that Dominion Energy will post 3.57 EPS for the current fiscal year.

Institutional Trading of Dominion Energy

Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in Dominion Energy by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,077,536 shares of the utilities provider’s stock worth $73,585,000 after buying an additional 18,810 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Dominion Energy by 11.4% during the second quarter. Sequoia Financial Advisors LLC now owns 44,524 shares of the utilities provider’s stock valued at $3,041,000 after acquiring an additional 4,549 shares during the period. National Pension Service raised its holdings in Dominion Energy by 1.0% during the second quarter. National Pension Service now owns 1,276,493 shares of the utilities provider’s stock valued at $87,172,000 after acquiring an additional 12,405 shares during the period. Cidel Asset Management Inc. lifted its position in shares of Dominion Energy by 2.3% in the second quarter. Cidel Asset Management Inc. now owns 9,258 shares of the utilities provider’s stock valued at $632,000 after acquiring an additional 212 shares in the last quarter. Finally, Capital Analysts LLC boosted its stake in shares of Dominion Energy by 10.1% in the second quarter. Capital Analysts LLC now owns 7,289 shares of the utilities provider’s stock worth $498,000 after acquiring an additional 666 shares during the period. 73.04% of the stock is currently owned by institutional investors.

Dominion Energy Company Profile

(Get Free Report)

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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