Morgan Stanley Retains an Equal Rating on Dominion Energy, Inc. (D)

Core Insights - Dominion Energy, Inc. (NYSE:D) is recognized as one of the best electric utility stocks to invest in currently [1][2] - Morgan Stanley has raised Dominion Energy's price target to $67 from $63 while maintaining an Equal Weight rating, indicating a positive outlook despite utilities lagging behind the S&P in January [3] - The company anticipates fiscal 2026 operating earnings between $3.45 and $3.69 per share, with the midpoint below the average estimate of $3.60 [4] Financial Performance - Dominion Energy reported fourth-quarter adjusted earnings of $0.68 per share, surpassing expectations of $0.67 [4] - Operating expenses increased by over 11% year-on-year to $3.33 billion [4] - The company has expanded its five-year capital plan to $64.7 billion for 2026-2030, up from $50.1 billion through 2029 [4] Business Segments - Dominion Energy operates in four business segments: Dominion Energy Virginia, Dominion Energy South Carolina, Contracted Energy, and Corporate and Other [5]