Dominion Energy stock faces a lower Morgan Stanley target quickly? no

Published on 09/29/2026 at 08:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dominion Energy stock traded at USD 60.26 on September 28, 2026, while Morgan Stanley cut its target to USD 66.00. Q2 operating EPS reached USD 0.79.

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Dominion Energy stock (ISIN US25746U1097) was last trading at USD 60.26 on the NYSE on September 28, 2026, down USD 0.42, or 0.69 percent, from the prior close. The immediate valuation debate centers on Morgan Stanley's lower target and the utility's strong second-quarter operating result.

Morgan Stanley lowers its target

According to MarketBeat on September 18, 2026, Morgan Stanley reduced its Dominion Energy price target from USD 68.00 to USD 66.00 and maintained an Equal-weight rating. The new target stands USD 5.74, or 9.52 percent, above the September 28 trading price.

The broader analyst picture is neutral. MarketBeat reported on September 15, 2026, that 15 analysts held a consensus rating of Hold and an average 12-month target of USD 69.93.

Q2 earnings beat expectations

Dominion Energy's Q2 2026 operating earnings were USD 0.79 per share, versus USD 0.68 consensus, while revenue reached USD 4.48 billion against USD 4.04 billion expected, according to MarketBeat. Revenue therefore exceeded consensus by USD 440.00 million, or 10.89 percent.

The company also reported GAAP earnings of USD 0.37 per share for the three months ended June 30, 2026, down from USD 0.88 in the prior-year quarter, while operating earnings were USD 0.79 per share, according to Business Wire. The gap between GAAP and operating EPS highlights impairment and other non-operating effects in the quarter.

Merger remains a key variable

Dominion Energy and NextEra Energy announced an expanded Virginia benefits package on September 14, 2026, including four years of residential bill credits, USD 100 million in additional low-income assistance through 2038 and up to USD 1.0 billion in annual supplier spending for five years, according to Business Wire. The proposed transaction remains subject to regulatory approvals and is expected to close in the second half of 2027.

For investors, the setup combines an earnings beat with a valuation checkpoint below the latest analyst consensus. Dominion Energy's fiscal 2026 operating EPS guidance is USD 3.45 to USD 3.69, while the quarterly dividend is USD 0.6675 per share, according to MarketBeat.

Dominion Energy stock stays below its yearly high

Dominion Energy stock was last trading at USD 60.26 on the NYSE on September 28, 2026 at 3:59 p.m. ET. Its 52-week range was USD 55.85 to USD 72.99, and market capitalization stood at USD 53.0 billion.