Morgan Stanley Lowers Dominion Energy's Price Target to $65, Maintains 'Equal Weight' Rating

Morgan Stanley has lowered its price target for Dominion Energy (D) from $66 to $65, while maintaining an 'Equal Weight' rating on its shares. The move comes as the analyst firm updates its price targets for Regulated & Diversified Utilities / IPPs in North America. Dominion Energy is also in talks to acquire the Northern Virginia Electric Cooperative, which would allow the utility to serve the cluster of data centers in Northern Virginia.