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

Dominion Energy (NYSE:D) had its price objective decreased by Morgan Stanley from $68.00 to $66.00 in a research note published on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.

Other research analysts have also recently issued reports about the stock. Barclays cut their price target 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. TD Cowen upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $80.00 in a report on Wednesday, August 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Dominion Energy in a research report on Wednesday, August 19th. Jefferies Financial Group upgraded shares of Dominion Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $65.00 to $76.00 in a research note on Thursday, May 28th. Finally, Truist Financial decreased their price target on shares of Dominion Energy from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Five equities 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.com, the stock has an average rating of “Hold” and a consensus price target of $69.79.

Dominion Energy Trading Up 0.1%

Shares of NYSE D opened at $63.61 on Friday. Dominion Energy has a fifty-two week low of $55.85 and a fifty-two week 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 has a market cap of $55.95 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.96 and a beta of 0.64. The business’s 50 day moving average price is $67.83 and its 200-day moving average price is $65.86.

Dominion Energy (NYSE:D) last posted its quarterly earnings data 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. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.04 billion. Dominion Energy had a return on equity of 9.62% and a net margin of 13.98%.Dominion Energy’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. Dominion Energy has set its FY 2026 guidance at 3.450-3.690 EPS. On average, sell-side analysts expect that Dominion Energy will post 3.57 earnings per share for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 20th. Investors of record on Friday, September 4th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.67 dividend on an annualized basis and a yield of 4.2%. Dominion Energy’s dividend payout ratio is 93.03%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC bought a new stake in Dominion Energy during the 2nd quarter valued at $31,000. Beacon Financial Strategies CORP lifted its stake in shares of Dominion Energy by 269.2% during the 2nd quarter. Beacon Financial Strategies CORP now owns 480 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 350 shares during the last quarter. Blueline Advisors LLC purchased a new stake in shares of Dominion Energy during the 4th quarter worth $28,000. Arlington Trust Co LLC boosted its position in Dominion Energy by 47.1% during the second quarter. Arlington Trust Co LLC now owns 500 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 160 shares in the last quarter. Finally, Burnham & Co LLC bought a new stake in Dominion Energy during the second quarter valued at about $34,000. Hedge funds and other 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.