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Dominion Energy, Inc. (D)

NYSE - NYSE Delayed Price. Currency in USD
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81.72+0.58 (+0.71%)
At close: 4:02PM EDT

81.72 0.00 (0.00%)
After hours: 4:20PM EDT

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  • T
    Tony
    Hmmmm...... Duke at 92 [no dividend cut]; Dom at 80 [with significant dividend cut]........ what's the difference in the two companies? I have my opinion........
  • t
    thewaz
    My brother in law works for this company as a operator at a power plant in Virginia. He's retiring this year. He's livid about how the company abandoned their shift workers at the plants during Covid-19. They didn't do pre turnstile entry tempature checks on their employees. The 8 hour workers comp timed out on covid pay. While they were required to report to work everyday with no recogniation whatsoever . He's glad he's done but sorry for the young guys left behind.
  • l
    lawrence
    From what I read a few weeks ago, the dividend will be reduced to $2.61 a share, after the 4th quarter dividend of .94 is distributed. The good news on this is, that Dominion will be using a few billion dollars to repurchase their own stock. I am guessing that approximately 5% of their outstanding shares, or 40+ million shares will be purchased within the next few months.
    Neutral
  • j
    jack
    Reminder as to the future dividend amount

    Mainly, the company will "re-base" its dividend from an annualized rate of $3.76 per share to $2.50, effective in Q4. The dividend cut follows a reduction in projected 2020 earnings per share guidance from $4.25 to $4.60 to a new range of $3.37 to $3.63.Jul 7, 2020
  • T
    Tony
    Good article. Puts an estimate of cost for for individual user for going green. This is Duke's opinion of their infrastructure. Would like to see the same analysis for Dominion.

    https://www.bloomberg.com/news/articles/2020-09-01/biggest-u-s-utility-says-going-green-may-cost-you-58-a-month
    Duke Energy Corp., the nation’s largest electric utility, says it can cut greenhouse gas emissions more than 70% in the next 15 years in North and South Carolina -- but doing so could cost customers up to $58 a month.
    Duke Energy Corp., the nation’s largest electric utility, says it can cut greenhouse gas emissions more than 70% in the next 15 years in North and South Carolina -- but doing so could cost customers up to $58 a month.
    www.bloomberg.com
  • T
    Tony
    /PRNewswire/ -- Dominion Energy (NYSE: D) today provided several updates related to the pending sale of its gas transmission and storage assets to an affiliate...
    /PRNewswire/ -- Dominion Energy (NYSE: D) today provided several updates related to the pending sale of its gas transmission and storage assets to an affiliate...
    www.prnewswire.com
  • L
    Lady D
    I guess sept 16th was the last chance to get out. The div cut news will be dawning on people soon.
  • s
    stocktargetadvisor
    $D
    Upgraded by JPMorgan Chase Neutral » Overweight USD 82 » USD 84
  • T
    Tony
  • C
    Coco P
    Not 1 single broker shows the correct dividend yet.
  • T
    Tony
    Flashback:

    Here's what Dominion's CEO Thomas Farrell told analysts on the firm's fourth-quarter 2018 conference call:

    "We recognized that it (dividend growth) is not going to be 10% in 2020, highly unlikely. And over time, we will bring the dividend growth rate, not going to be a cut in our dividend, that’s not even in contemplations, the notions will bring our growth rate of our dividends more in line with our peers after this year."
  • L
    Lady D
    well, I had 2kshares in D but today I cut that position in half. Took a small loss of only about $900.
    I know the div cut has already been announced but i'm betting that the general public doesn't realize it yet.
    I'm going to split this proceed between DUK, AEP and FE. (a contrarian play)
    FE's story is: There was a political parasite in ohio that pulled off a lobbying scam and got himself arrested. FE didn't do anything wrong, nor did they hold anything that was even involved at the time (they spun off that company and had no more interest in it). The story is interesting but i'm thinking the market overreacted and sold off FE.
    It's a risk/reward judgement.
    I'm holding just 1000 shrs now.
  • j
    j
    New dividend rate = 3.1%. Duke = 4.7%. Buy D? Why, for the management? hahahaha
  • P
    PATTON3RDARMY
    Going GREEN means going Broke. Either you can supply the residents or you don't make money. Use all forms of energy.
  • F
    Francisco
    ceo, dumps 50 thousands shares... hedge funds are dumping too
    Bearish
  • L
    Lady D
    that was a pleasant surprise. Got the div today that was more than i lost on the sale of this stock a few days ago.
    nice.
    I'm completely out of this stock now. The div on this is getting cut and as soon as the public realizes this....

    GLTA.
  • T
    Tony
    Zacks comments today:

    At this time, Dominion Energy has an average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.

    Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

    Outlook

    Dominion Energy has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.

    Looks like years of pain folks.............
  • S
    Seamus
    on trump's recent hospitalization for covid:
    A big trump fake conspiracy. he went in for post nasal drip and ordered the meds staff to say it was covid to make him superman. Another lie form the great fraud
  • J
    J
    Again,buy and hold-the div will come back
    Bullish
  • T
    Tony
    Going green too quickly..... California is a good example: https://finance.yahoo.com/news/day-california-went-dark-crisis-113000960.html