Morgan Stanley Has Lowered Expectations for Dominion Energy (NYSE:D) Stock Price

Dominion Energy (NYSE:D) had its price target reduced by equities researchers at Morgan Stanley from $71.00 to $68.00 in a research note 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 indicate a potential upside of 1.16% from the company’s current price.

Several other research analysts have also commented on the stock. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $65.00 to $76.00 in a report on Thursday, May 28th. Barclays lowered their price target on Dominion Energy from $70.00 to $69.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Dominion Energy in a research note on Wednesday. Wells Fargo & Company increased their price target on shares of Dominion Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Finally, Seaport Research Partners downgraded Dominion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Dominion Energy presently has a consensus rating of “Hold” and an average target price of $69.93.

Dominion Energy Stock Down 0.4%

NYSE D traded down $0.25 during trading hours on Friday, reaching $67.22. 725,153 shares of the company’s stock were exchanged, compared to its average volume of 5,711,009. Dominion Energy has a one year low of $55.85 and a one year high of $72.99. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.64 and a current ratio of 0.81. The company’s 50-day moving average is $69.24 and its two-hundred day moving average is $65.61. The company has a market capitalization of $59.12 billion, a price-to-earnings ratio of 23.42 and a beta of 0.65.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, July 31st. The utilities provider reported $0.79 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $4.04 billion. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that Dominion Energy will post 3.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Capital Analysts LLC increased its position in shares of Dominion Energy by 2.4% during the fourth quarter. Capital Analysts LLC now owns 6,651 shares of the utilities provider’s stock worth $390,000 after buying an additional 157 shares during the period. Cornerstone Planning LLC increased its stake in Dominion Energy by 0.9% in the 2nd quarter. Cornerstone Planning LLC now owns 17,280 shares of the utilities provider’s stock worth $1,180,000 after buying an additional 157 shares during the period. Arlington Trust Co LLC lifted its position in Dominion Energy by 47.1% during the 2nd quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 160 shares during the period. Navalign LLC raised its holdings in shares of Dominion Energy by 1.2% in the first quarter. Navalign LLC now owns 14,229 shares of the utilities provider’s stock worth $880,000 after acquiring an additional 162 shares during the last quarter. Finally, Conning Inc. boosted its stake in shares of 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 purchasing an additional 176 shares during the period. 73.04% of the stock is currently owned by institutional investors and hedge funds.

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.