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Dominion Energy (D) Receives a Hold from Morgan Stanley

Tipranks - Tipranks - Tue Mar 24, 10:32PM CDT

In a report released yesterday, David Arcaro from Morgan Stanley assigned a Hold rating to Dominion Energy. The company’s shares closed yesterday at $59.82.

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According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.7% and a 68.13% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy.

The word on The Street in general, suggests a Hold analyst consensus rating for Dominion Energy with a $66.50 average price target.

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Based on Dominion Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.09 billion and a net profit of $586 million. In comparison, last year the company earned a revenue of $3.4 billion and had a GAAP net loss of $76 million

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