Dominion Energy (NYSE:D) Price Target Cut to $68.00 by Analysts at Morgan Stanley

Dominion Energy (NYSE:D) had its target price lowered by Morgan Stanley from $71.00 to $68.00 in a research note issued 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 1.16% from the company’s current price.

A number of other analysts have also recently commented on the stock. UBS Group set a $80.00 price objective on shares of Dominion Energy in a research report on Wednesday. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $69.00 to $80.00 in a research report on Wednesday. Barclays reduced their target price on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Jefferies Financial Group raised shares of Dominion Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Finally, Seaport Research Partners lowered shares of Dominion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, May 20th. Five 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’s stock. According to MarketBeat.com, Dominion Energy has an average rating of “Hold” and a consensus price target of $69.93.

Dominion Energy Trading Down 0.4%

Shares of D stock traded down $0.25 on Friday, reaching $67.22. 725,153 shares of the stock were exchanged, compared to its average volume of 5,711,009. Dominion Energy has a 1-year low of $55.85 and a 1-year high of $72.99. The firm has a 50 day moving average of $69.24 and a two-hundred day moving average of $65.61. The stock has a market cap of $59.12 billion, a P/E ratio of 23.42 and a beta of 0.65. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 1.43.

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

Hedge Funds Weigh In On Dominion Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Analysts LLC grew its position in Dominion Energy by 2.4% in the 4th quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 157 shares during the period. Cornerstone Planning LLC lifted its position in shares of Dominion Energy by 0.9% during the second quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock worth $1,180,000 after purchasing an additional 157 shares during the last quarter. Arlington Trust Co LLC raised its position in 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 acquiring an additional 160 shares in the last quarter. Navalign LLC raised its holdings in 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 in the last quarter. Finally, Conning Inc. boosted its holdings in Dominion Energy by 0.5% in the fourth quarter. Conning Inc. now owns 33,217 shares of the utilities provider’s stock valued at $1,946,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Company Profile

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.