Morgan Stanley has maintained an Equal Weight rating on Dominion Energy, Inc. (D) and increased its price target to $67 from $63. The firm’s analysis notes that utilities lagged the S&P in January and anticipates balanced discussions regarding data center pipelines. Dominion Energy also recently increased its five-year capital plan to $64.7 billion and reported Q4 adjusted earnings of $0.68 per share, exceeding expectations.
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Morgan Stanley Retains an Equal Rating on Dominion Energy, Inc. (D)
Morgan Stanley has maintained an Equal Weight rating on Dominion Energy, Inc. (D) and increased its price target to $67 from $63. The firm’s analysis notes that utilities lagged the S&P in January and anticipates balanced discussions regarding data center pipelines. Dominion Energy also recently increased its five-year capital plan to $64.7 billion and reported Q4 adjusted earnings of $0.68 per share, exceeding expectations.