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

Dominion Energy (NYSE:D) had its target price lowered by Morgan Stanley from $69.00 to $68.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 10.93% from the stock’s previous close.

A number of other analysts have also recently weighed in on D. Jefferies Financial Group increased their price target on Dominion Energy from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Barclays increased their price target on Dominion Energy from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Scotiabank raised their target price on Dominion Energy from $63.00 to $67.00 and gave the company a “sector perform” rating in a research report on Monday, March 2nd. Finally, TD Cowen assumed coverage on Dominion Energy in a research report on Friday, January 9th. They issued a “hold” rating and a $65.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $65.69.

Dominion Energy Stock Down 1.5%

NYSE D traded down $0.92 on Tuesday, hitting $61.30. 703,476 shares of the stock traded hands, compared to its average volume of 5,273,538. The stock has a 50-day moving average of $63.01 and a 200 day moving average of $61.19. Dominion Energy has a twelve month low of $52.43 and a twelve month high of $67.57. The company has a market capitalization of $53.88 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 3.28 and a beta of 0.67. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Dominion Energy (NYSE:D) last announced its quarterly earnings data on Monday, February 23rd. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.Dominion Energy’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. As a group, analysts expect that Dominion Energy will post 3.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dominion Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd boosted its stake in shares of Dominion Energy by 1,785.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 519,100 shares of the utilities provider’s stock worth $31,753,000 after acquiring an additional 491,574 shares in the last quarter. Kera Capital Partners Inc. bought a new stake in shares of Dominion Energy during the 3rd quarter worth $3,574,000. Vanguard Group Inc. boosted its stake in shares of Dominion Energy by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 106,158,920 shares of the utilities provider’s stock worth $6,493,741,000 after acquiring an additional 363,610 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in shares of Dominion Energy by 84,502.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,735,194 shares of the utilities provider’s stock worth $106,150,000 after acquiring an additional 1,733,143 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Dominion Energy by 36.7% during the 3rd quarter. Citigroup Inc. now owns 2,422,315 shares of the utilities provider’s stock worth $148,173,000 after acquiring an additional 649,989 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

About Dominion Energy

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.